bug: System.println and static inlined strings in the simulator cause the wrong string to be used

The following code ran on any device with at least CIQ 3.4.0 that supports toasts (i.e: fr955) in the simulator (either 7.4.3 or 8.0.0-Beta) will incorrectly display "other" instead of the expected "toast".

System.println("toast");
if (WatchUi has :showToast) {
    WatchUi.showToast("toast", null);
}
System.println("other");

I'm not 100% sure whether the bug is in println or maybe showToast or how the simulator implements some string functions or if it's a bug in the compiler, but the above few lines clearly reproduce it. I created a new Watch App with the Monkey C extension, and put the above code somewhere.

Note that the text logged is correct, only in the toast it's incorrect.