Got this problem too, i also have been able to reproduce the problem with the save file on a notebook that has a completely different setup than my desktop pc. I also noticed that loading isnt the issue here but the running game is, trying to start a new game leads to the same CTD as trying to load.
Here is the crashfile and the save:
http://dl.dropbox.com/u/10582485/Elemental1_05-2010-08-26T11-49-19-218.zip
http://dl.dropbox.com/u/10582485/a2.EleSav
Just move the sovereign, then end turn and try to load/start new game that should lead to CTD.