I have edited the initial bug as i found out that the fix has been already released.

Please, take a look at the excessive logging problem. As soon as there is a problem initializing ivy settings for the project it generates megabytes of repetitive logs seems because of many cycles, so a problem reading ivy.xml file for one project can generate up 30MB of log. Considering the fact the ivy plugin v 0.3 had a problem with remembering correct settings (supposed to be fixed in 0.4) we were sometimes ending up with 100-300 MB of logs to analyze which projects are corrupted.