dhewm3 on PSP malloc fail

geecko@arch ~/Dev/PSP/dhewm3/neo
$ pspsh
host0:/> hello ?
dhewm 1.3.1.1304 psp-mips_allegrex Aug 22 2012 21:13:10 using SDL v1.2.14
pid: -1
64 MB System Memory
----- Initializing File System -----
Loaded pk4 ./base/pak000.pk4 with checksum 0x28d208f1
FATAL: recursed fatal error:
malloc failure for 262144
malloc failure for 262144
Exception - Breakpoint
Exception - Breakpoint
Thread ID - 0x0452506D
Thread ID - 0x0452B663
Th Name   - SDL thread
Th Name   - SDL thread
EPC       - 0x08D8B2E4
EPC       - 0x08D9CDD0
Cause     - 0x10000024
Cause     - 0x10000024
BadVAddr  - 0x9843B42E
BadVAddr  - 0x9843B42E
Status    - 0x40088613
Status    - 0x40088613
zr:0x00000000 at:0xDEADBEEF v0:0x00000000 v1:0x800040FF
zr:0x00000000 at:0xDEADBEEF v0:0x00000000 v1:0x800040FF
a0:0xDEADBEEF a1:0xDEADBEEF a2:0xDEADBEEF a3:0xDEADBEEF
a0:0xDEADBEEF a1:0xDEADBEEF a2:0xDEADBEEF a3:0xDEADBEEF
t0:0xDEADBEEF t1:0xDEADBEEF t2:0xDEADBEEF t3:0xDEADBEEF
t0:0xDEADBEEF t1:0xDEADBEEF t2:0xDEADBEEF t3:0xDEADBEEF
t4:0xDEADBEEF t5:0xDEADBEEF t6:0xDEADBEEF t7:0xDEADBEEF
t4:0xDEADBEEF t5:0xDEADBEEF t6:0xDEADBEEF t7:0xDEADBEEF
s0:0x0B450000 s1:0x0B440000 s2:0x00000000 s3:0x0B54D190
s0:0x0B450000 s1:0x0B450000 s2:0x0B44C42C s3:0x0B54C3C0
s4:0xDEADBEEF s5:0xDEADBEEF s6:0xDEADBEEF s7:0xDEADBEEF
s4:0xDEADBEEF s5:0xDEADBEEF s6:0xDEADBEEF s7:0xDEADBEEF
t8:0xDEADBEEF t9:0xDEADBEEF k0:0x0BAF6F00 k1:0x00000000
t8:0xDEADBEEF t9:0xDEADBEEF k0:0x0BAFEF00 k1:0x00000000
gp:0x08F593E0 sp:0x0BAF6E80 fp:0x0BAF6EB0 ra:0x08D8B2E4
gp:0x08F593E0 sp:0x0BAFEE80 fp:0x0BAFEEB0 ra:0x08D9CDD0
0x08D8B2E4: 0x0000004D 'M...' - break      0x1
0x08D9CDD0: 0x0000004D 'M...' - break      0x1