Can you repro this 64-bit .NET GC bug?

Whilst developing low latency software on .NET, we have discovered a serious bug in the .NET 4 concurrent workstation garbage collector that can cause applications to hang for up to several minutes at a time. On three of our machines the following simple C# program causes the GC to leak memory until none remains and a single mammoth GC cycle kicks in, stalling the program for several minutes (!)