Unable to debug application IDEA 11.1.4 on OS X 10.8.2

I updated (also downloaded a new copy) to IDEA ultimate 11.1.4 and the debugger no longer works. The symptom is that when starting a debugging task, even on a simple "hello world", application will simply hang in the debugger after this command is executed (and consequently the only output printed in the console):

(using jdk 6 update 37)

/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/bin/java -agentlib:jdwp=transport=dt_socket,address=127.0.0.1:1565,suspend=y,server=n -Dfile.encoding=UTF-8 -classpath "/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/lib/deploy.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/lib/dt.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/lib/javaws.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/lib/jce.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/lib/jconsole.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/lib/management-agent.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/lib/plugin.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/lib/sa-jdi.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Classes/alt-rt.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Classes/alt-string.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Classes/charsets.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Classes/classes.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Classes/jsse.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Classes/ui.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/lib/ext/apple_provider.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/lib/ext/dnsns.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/lib/ext/localedata.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/lib/ext/sunjce_provider.jar:/System/Library/Java/JavaVirtualMachines/1.6.0.jdk/Contents/Home/lib/ext/sunpkcs11.jar:/tmp/test/out/production/test:/Applications/IntelliJ IDEA 11.app/lib/idea_rt.jar" Hello

(using jdk 7 update 9)

/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/bin/java -agentlib:jdwp=transport=dt_socket,address=127.0.0.1:1568,suspend=y,server=n -Dfile.encoding=UTF-8 -classpath "/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/lib/ant-javafx.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/lib/dt.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/lib/javafx-doclet.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/lib/javafx-mx.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/lib/jconsole.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/lib/sa-jdi.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/lib/tools.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/charsets.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/deploy.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/htmlconverter.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/javaws.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/jce.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/jfr.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/jfxrt.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/JObjC.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/jsse.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/management-agent.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/plugin.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/resources.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/rt.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/ext/dnsns.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/ext/localedata.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/ext/sunec.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/ext/sunjce_provider.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/ext/sunpkcs11.jar:/Library/Java/JavaVirtualMachines/jdk1.7.0_09.jdk/Contents/Home/jre/lib/ext/zipfs.jar:/tmp/test/out/production/test:/Applications/IntelliJ IDEA 11.app/lib/idea_rt.jar" Hello

This is the simple class:

public class Hello {

    public static void main(String[] args) {

        System.out.println("hello");

    }

}

I have no firewall running.

I have no breakpoints set (and they are also muted to clear all that up).

Attempting to connect to the debug port (1592) with telnet yields no response.

Netstat shows no port open on 1592.

Running jps in a terminal will simply print: "Could not synchronize with target"  so I can't get the PID for a thread dump via jps.

Getting the PID manually and exectuing jstack will simply print out this message (of course the number 1378 was the PID of that specific run).

1378: Unable to open socket file: target process not responding or HotSpot VM not loaded

The -F option can be used when the target process is not responding

Let me know of anything else I can give you.