Corruption of float's in Xamarin.Android 4.7.4

/// <summary>
/// This code illustrates a problem when executing Queue<float>.Dequeue() when run on the
/// default MonoForAndroid API-10 simulator configured by Xamarin Studio.
///
/// The value dequeue should be 1.0f, but upon inspection it is 0.
///
/// This occurs on my Android device as well (a brand new, but super cheap androd 2.3 phone)
/// </summary>
using System;

using Android.App;
using Android.Content;
using Android.Runtime;
using Android.Views;
using Android.Widget;
using Android.OS;

using System.Diagnostics;
using System.Collections;
using System.Collections.Generic;
using System.Runtime.Remoting.Metadata.W3cXsd2001;

namespace FloatCorruption
{
	public class CorruptedFloatException : Exception
	{
	}
	[Activity (Label = "FloatCorruption", MainLauncher = true)]
	public class Activity1 : Activity
	{
		Queue<float> _EvilFloat = new Queue<float>();
		Queue _NonGeneric = new Queue();
		Queue<double> _GenericDouble = new Queue<double>();

		protected override void OnCreate (Bundle bundle)
		{
			base.OnCreate (bundle);

			// Set our view from the "main" layout resource
			SetContentView (new View(this));

			// ok with non generic
			_NonGeneric.Enqueue(1f);
			if((float)_NonGeneric.Dequeue() != 1.0f)
				throw new CorruptedFloatException();

			_GenericDouble.Enqueue(1f);
			if(_GenericDouble.Dequeue() != 1.0)
				throw new CorruptedFloatException();

			// broken with float
			_EvilFloat.Enqueue(1f);
			var result = _EvilFloat.Dequeue();
			var result_raw = new SoapHexBinary(BitConverter.GetBytes(result)).ToString();
			Console.WriteLine("result = {0}, as hex = {1}", result, result_raw);
			if(result != 1.0f)
				throw new CorruptedFloatException();
		}
	}
}