My take is that even with insulation, you will end up with some air infiltration. Ventilation will bring the inside temperature up to about the outside temperature and minimize the condensation if you insulate. My take is that you need to insulate and ventilate. If you only do one, either way I think you will still have very high humidity.
The closest relevant experience I have is with a bathroom in my basement. When I bought the house, water would be standing on the tile floor from condensation in the summer. I redid the insulation and vapor barrier on the walls. I took up the tile and added dri-core panels to the floor, and then put flooring over that. I then put in a small heat recovery ventilator (about 60 cfm) to pull air out and introduce outside air into the upstairs of the house. There isn't a hint of condensation now and it doesn't even feel humid. You won't be able to insulate the floor, but if you can cover the walls and ceiling (you need very little thickness because the surface heat transfer will be much lower with anything other than metal) and get some air flow (you don't need the heat recovery) you should see a great improvement.