System Information
Arch Linux x86_64 (but confirmed by two other users in #blender on unknown platforms)

Blender Version
Broken: 2.74 (from distro), 2.75a (both from distro and official), 2.75-44384c6 (from builder)

Short description of error
Entering a meta strip in the sequence editor (tab) or unmetaing the strip (Alt-G) triggers a segfault on a particular blend file I have.
It's reproducable and has been confirmed by two other users in #blender.

Backtrace

Program received signal SIGSEGV, Segmentation fault.
#0  0x00000000009e2463 in draw_seq_strip.isra ()
#1  0x00000000009e4004 in draw_timeline_seq ()
#2  0x0000000000bef22f in ED_region_do_draw ()
#3  0x000000000093b404 in wm_draw_update ()
#4  0x0000000000936c28 in WM_main ()
#5  0x000000000091c63d in main ()

Exact steps for others to reproduce the error
Simply open this blend file and then try to enter or unmeta the meta strip in the VSE.