In any .NET 2.0 Winforms application, if you run the code in Debug Mode, and you either hit a breakpoint or otherwise Step Into the code line by line, and you want to see the GU
The reason for this is because you can only have one UI thread, and when you enter your method that updates that code that code begins blocking the UI thread. It will not update until your method exits.
Here is a good SO on message pumps, which are what drive the UI updates
You should be able to use Add Watch/Quick Watch to look at any values at the time of debugging. This sounds like what you are really looking for, anyway.