Xcode 5 Opening storyboard file hangs and IDE goes

Question

I downloaded XCode 5 lately to support iOS 7, on my Macbook Pro (8 GB DDR 3 RAM).

I have a storyboard file which has close to 30 Controllers in it. I opened the storyboard file post that it got hanged due to which i am unable to proceed.

Here are the things i already tried:
1. Restarting XCode.
2. Restarting Mac.
3. Terminating all other Apps apart from XCode.
4. Cleaing all caches for XCode and clearing all content & settings for Simulators.

Edit: Compiler generates the below error:
INTERFACE BUILDER DOES NOT SUPPORTS UIVIEW SIZES GREATER THAN 10,0000 BY 10000

Please provide your answers on this solution. I am unable to work on it and all development is halted.