Android Studio 1.2.1.1 layout preview problems

Question

After updating to Android Studio 1.2.1.1, I created a new fresh blank project and created a layout.xml

Shortly after creation, I decided to look at the preview. I we

Answer 1

Seems to be a bug. Workaround is to inherit from the Base theme in your styles.xml:

<style name="AppTheme" parent="Base.Theme.AppCompat.Light"/>