That is the WSOD - White Screen of Darn. I do not think darn is the best description.
Look around on this forum and you will see lot's of other people with the same problem. Google "WSOD Visual Studio". You'll get a dozen different fixes, none helped me. By the way it is a "feature".
You can try this - did not work for me but it might for you.
<http://www.windowsforms.net/articles/debuggingwsod.aspx>
The only way I know to avoid it is to keep your forms very simple, few components. How is that for help.
Sorry and good luck.