In the editor, when I right-click a variable name during a debug session there are choices "Inspect" and "Watch" in the menu.
I took me a while to find out that to enable those choices I had to select the variable name in the editor before right-clicking. You could also press Ctrl+Shift+I for "Inspect".
"Inspect" opens a content assist window with expandable variable content.
"Watch" will add the variable to the "Expressions" view.
"Variables" view contains all variables in the debug context with expandable content.
It would be nice with a condensed json-like one-line display format for arrays and object variables to see the contents of complex variables at a glance, but I have not found a way to do that yet.
I'm currently using Eclipse 3.6 Helios SR1, Xdebug 2.1.0, PHP 5.3.0, Wamp server