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I can now reproduce the isue:
env PYTHONHOME=/Library/Frameworks/Python.framework/Versions/3.3 PYTHONEXECUTABLE=/bin/bash MallocGuardEdges=1 MallocStackLogging=1 MallocScribble=1 MallocStackLoggingNoCompact=1 MallocCheckHeapEach=1 arch -i386 python3.3 -c 'import sys; print(sys.executable)'
This also fails with Python 3.2, but then it fails with a unicode error
UnicodeEncodeError: 'utf-8' codec can't encode character '\udffa' in position 17: surrogates not allowed
The error goes away when I used a patched version of python.exe, but that's one was not a framework build. 
Next step: rebuild and reinstall the 3.3 framework with my patch and check that the problem goes away.
All of this on an OSX 10.8 box, deployment target 10.8 and archs=intel.
Other notes:
* The 'Malloc....' variables aren't necessary to reproduce
* 'arch -i386' is necessary, no crash with 'arch -x86_64'