I’m not sure if the ubuntu update had an impact or not, but Sublime was working wonderfully today, but tonight it won’t open. This is the output I’m getting:

terminate called after throwing an instance of 'std::bad_alloc' what(): std::bad_alloc /usr/bin/subl: line 3: 7522 Aborted /usr/lib/sublime-text-2/sublime_text --class=sublime-text-2 "$@"

Google has been no help.

I did apparently have the dev version install via the ubuntu software manager, but I have since tried the release, but get the same error.

I just came across the same error. In my case the problem was resolved by removing the ~/.config/sublime-text-2/Settings dir. This may be caused by force closing sublimetext (due to power issues) while having a large amounts of data in buffered windows thus Session.sublime_session file got large and corrupted in some way.