Been having a hell of a time the last week trying to get Armory to start.. Same symptoms, taken the same steps as others, still haven't been able to get it ever "complete" so I could move coins around.
FWIW, even with the suggested command line switches, ArmoryDB still uses 100% of the system RAM within 60 seconds.
Running on a 8 core 32G machine, all SSD.. shouldn't be this bad.
Running Bitcoin-QT/BitcoinD on their own, just fine, current and up to date on the block count.
ArmoryDB.exe --db-type=DB_BARE --ram-usage=1 == ram flatlined, sits on Organizing Chain a *LONG* time.. have waited a couple times then it's building TX -- FOREVER.
Once I get my coins out, I'm not -ever- running Armory again. To have to dedicate 2x the blockchain size just to run the client is unreasonable. 200G of SSD, 8 cores 32G to run a wallet?