Operation failed with underlying error 4294956467

Thanx Xcode, that was very informative. I'll fix it right away! Oh wait, what was that...

Failed to launch simulator: Operation failed with underlying error 4294956467.

Data Formatters temporarily unavailable, will re-try after a continue

Mysterious crash happens, when I'm trying to display about 65MB image in iPhone4. Wonder what could be the problem... (hint: trying to display 65 MEGABYTE image file):

Program received signal:  “0”.
Data Formatters temporarily unavailable, will re-try after a 'continue'. (Unknown error loading shared library "/Developer/usr/lib/libXcodeDebuggerSupport.dylib")