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NetBeans IDE 4.2 [200508231800] on jdk 1.5.0_05 Contex menu in Watches view does not have item New Watch..., but context menu in Breakpoints view does have item New Breakpoint... even if this menu item is simply useless. Adding breakpoints from contexul menu does not make sense => the item should be removed. Adding watches from contextual menu would be helpfull => the item should be added.
Sorry, current behaviour does not break anything except usability => enhancement
New Watch... menu item is there.