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The checkbox to break on all methods in the Method breakpoint type dosn't cause the debugger to stop on either static or instance initializers, I believe. It seems like it should, or the checkbox should be enhanced to allow the user to break on all methods or all methods and all initializers.
See also: http://www.netbeans.org/issues/show_bug.cgi?id=12558
Method breakpoint stops in initializers in current version of NB.
Verified ... and Closing all issues resolved into NetBeans 6.7 and earlier.