Build 1144 is still generating a bad command line argument for debugging. I can take the command, modify it and run it in dos and it will work. This has to be a stopship bug since you would never release an ide that can't debug. This seems like a very easy fix and I don't really understand why it hasn't been done yet except for maybe it was overlooked.
The server=y flag needs to bet set and the addresss=host:port needs the host removed from it. At least that is what fixed it on my machine.