Viewing Variables Xcode delays loadable variables when stopped at a breakpoint

Question

I am debugging both iOS and the variable view is stuck with a rotation indicator in the center of the variables for up to 5 minutes when it stops at a breakpoint. This happens both when debugging on iPhone 5, and when debugging on Simulator. The debugger is stuck before loading this view.

I am using Xcode 4.6.1

This happens in two projects with common code. I tried to switch from LLDB to GDB, but that didn't make any difference.