SmartGit Hangs When Switching Branches

Problem:
On Windows, SmartGit Hangs when switching braches, with the message:

Process Not Responding
SmartGit is waiting for the following process to finish.
C:\Program Files(x86)\Git\bin\git.exe ls-remote origin
If you thnk the process is hanging, click the Exit Process button, otherwise Wait

Solution:
Install an earlier version of msysgit to eliminate this issue.

This error popped up in version 1.7.10 (Git-1.7.10-preview20120409.exe) of msysgit.   This error was confirmed absent from versions 1.7.9 (Git-1.7.9-preview20120201.exe) and 1.7.8 (Git-1.7.8-preview20111206.exe)  of msysgit.

UPDATE (2012-04-24):

This bug was fixed in SmartGit 3.0.4 (2012-04-21):

Switch (Git): hangs for https repositories with (msys)Git 1.7.9.2 or newer