Windows Azure Roles recycling between Initialize.. busy… status, while deploying the application with Azure Cache (Preview) feature

In recent past, I have noticed that several Windows Azure Customers having issues, while deploying the applications, which leverages Windows Azure Cache (Preview) feature shipped with Azure SDK 1.7. The usual symptoms should be role recycling with various status messages like Initializing …. Busy … etc.    After doing the detailed investigations on this kind of…