Well, it ran for a while and then died. 
Here's the console/terminal log:
[libprotobuf WARNING google/protobuf/io/coded_stream.cc:505] Reading dangerously large protocol message. If the message turns out to be larger than 1073741824 bytes, parsing will be halted for security reasons. To increase the limit (or to disable these warnings), see CodedInputStream::SetTotalBytesLimit() in google/protobuf/io/coded_stream.h.
[libprotobuf WARNING google/protobuf/io/coded_stream.cc:78] The total number of bytes read was 574671192
Successfully loaded models/VGG_ILSVRC_19_layers.caffemodel
conv1_1: 64 3 3 3 [3/276]
...
Setting up style layer 2 : relu1_1
Setting up style layer 7 : relu2_1
Setting up style layer 12 : relu3_1
Killed
I'm trying again with smaller images, but don't expect different results....
-Deozaan
I had the exact same problem, I swapped over to a VPS (running Debian 7) with twice the RAM/VSWAP and it got as far you did above.
I think it's going to take a machine with a fair bit of RAM, (eg. 16GB), before it'll do something useful.
The style image I was using is only 190x266 (12.5kB) and the picture is 160x107 (11.1kB) and it still bombs out.