When I start the game, it starts loading the main menu, but before it gets there, it crashes with this error message:

Out of memory or address space. Texture quality setting may be too high.

The weird thing is I was able to play the game just fine yesterday, without any changes to my settings or subscribed workshop items. Most of the threads I see about this error sound like they're happening after the game has already been running for a while, but that's not the case here.

I deleted config.cfg and videosettings.cfg to force them back to default low settings so I could get to the main menu and try turning down texture quality, but it still crashed with the same error before the main menu loaded.

Based on https://psteamcommunity.yuanyoumao.com/app/362890/discussions/0/1621724915788262256/ this thread I tried setting +mat_picmip 3 in the commandline args but that also didn't work.

What really strikes me is that I was able to play it fine the other day.