There's a pretty general solution for disabling the non-breaking space in OS X for some apps:
Unfortunately, Xcode is not one of them, and the solution does not work.
Any ideas on how to disable Option-Space for Xcode specifically?
I'm using a slightly customized keyboard layout, created with Ukulele; perhaps it could be used to remap that particular combination?
I'd rather not use stuff like KeyRemap4Macbook (or whatever it's called), since I've experienced a considerable, unacceptable lag during typing when using that app with some remaps.