yes this is normal.
You can use the watches window, but it also just shows the whole (it has a side panel (magnifier tool btn), that you can activate, so you can see the content multi-line)
The watches window has the option to show "Sender: TObject" as TObject (default) or TWhateverInstanciatedClass (see properties)
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There also is the debug inspector, that shows the data in a grid. And allows to double click properties to inspect nested data.
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But there is no tree-like viewer with +/-