diff --git a/package.json b/package.json
index 44549789ea..c8f49c3d16 100644
--- a/package.json
+++ b/package.json
@@ -109,7 +109,7 @@
     "fbjs": "0.5.1",
     "fbjs-scripts": "0.7.0",
     "firefox-profile": "^1.0.2",
-    "flow-bin": "^0.96.0",
+    "flow-bin": "^0.97.0",
     "fs-extra": "^3.0.1",
     "gh-pages": "^1.0.0",
     "html2canvas": "^1.0.0-alpha.12",
@@ -135,7 +135,7 @@
     "react-virtualized-auto-sizer": "^1.0.2",
     "react-window": "^1.8.0",
     "request-promise": "^4.2.4",
-    "scheduler": "^0.14.0-alpha.0",
+    "scheduler": "0.0.0-4221565e1",
     "semver": "^5.5.1",
     "style-loader": "^0.23.1",
     "web-ext": "^3.0.0",
diff --git a/src/devtools/ProfilingCache.js b/src/devtools/ProfilingCache.js
index e0b4cfabc9..d313111e67 100644
--- a/src/devtools/ProfilingCache.js
+++ b/src/devtools/ProfilingCache.js
@@ -1,6 +1,6 @@
 // @flow
 
-import { createResource, invalidateResources } from './cache';
+import { createResource } from './cache';
 import Store from './store';
 import {
   getCommitTree,
@@ -92,6 +92,7 @@ export default class ProfilingCache {
 
   CommitDetails: Resource<
     CommitDetailsParams,
+    string,
     CommitDetailsFrontend
   > = createResource(
     ({ commitIndex, rendererID, rootID }: CommitDetailsParams) => {
@@ -136,6 +137,7 @@ export default class ProfilingCache {
 
   FiberCommits: Resource<
     FiberCommitsParams,
+    string,
     FiberCommitsFrontend
   > = createResource(
     ({ fiberID, rendererID, rootID }: FiberCommitsParams) => {
@@ -168,6 +170,7 @@ export default class ProfilingCache {
 
   Interactions: Resource<
     InteractionsParams,
+    number,
     InteractionsFrontend
   > = createResource(
     ({ rendererID, rootID }: InteractionsParams) => {
@@ -198,6 +201,7 @@ export default class ProfilingCache {
 
   ProfilingSummary: Resource<
     ProfilingSummaryParams,
+    number,
     ProfilingSummaryFrontend
   > = createResource(
     ({ rendererID, rootID }: ProfilingSummaryParams) => {
@@ -293,8 +297,11 @@ export default class ProfilingCache {
     });
 
   invalidate() {
-    // Invalidate Susepnse caches.
-    invalidateResources();
+    // Invalidate Suspense caches.
+    this.CommitDetails.clear();
+    this.FiberCommits.clear();
+    this.Interactions.clear();
+    this.ProfilingSummary.clear();
 
     // Invalidate non-Suspense caches too.
     invalidateCommitTrees();
diff --git a/src/devtools/cache.js b/src/devtools/cache.js
index 58577adf32..1e12798030 100644
--- a/src/devtools/cache.js
+++ b/src/devtools/cache.js
@@ -12,7 +12,7 @@ import React, { createContext } from 'react';
 //    The size of this cache is bounded by how many renders were profiled,
 //    and it will be fully reset between profiling sessions.
 
-type Thenable<T> = {
+export type Thenable<T> = {
   then(resolve: (T) => mixed, reject: (mixed) => mixed): mixed,
 };
 
@@ -25,9 +25,9 @@ type PendingResult = {|
   value: Suspender,
 |};
 
-type ResolvedResult<V> = {|
+type ResolvedResult<Value> = {|
   status: 1,
-  value: V,
+  value: Value,
 |};
 
 type RejectedResult = {|
@@ -35,11 +35,14 @@ type RejectedResult = {|
   value: mixed,
 |};
 
-type Result<V> = PendingResult | ResolvedResult<V> | RejectedResult;
+type Result<Value> = PendingResult | ResolvedResult<Value> | RejectedResult;
 
-export type Resource<I, V> = {
-  read(I): V,
-  preload(I): void,
+export type Resource<Input, Key, Value> = {
+  clear(): void,
+  invalidate(Key): void,
+  read(Input): Value,
+  preload(Input): void,
+  write(Key, Value): void,
 };
 
 const Pending = 0;
@@ -61,32 +64,45 @@ function readContext(Context, observedBits) {
   return dispatcher.readContext(Context, observedBits);
 }
 
-function identityHashFn(input) {
-  return input;
-}
-
 const CacheContext = createContext(null);
 
-const entries: Map<Resource<any, any>, Map<any, any>> = new Map();
+type Config = {
+  useWeakMap?: boolean,
+};
 
-function accessResult<I, K, V>(
-  resource: any,
-  fetch: I => Thenable<V>,
-  input: I,
-  key: K
-): Result<V> {
-  let entriesForResource = entries.get(resource);
+const entries: Map<
+  Resource<any, any, any>,
+  Map<any, any> | WeakMap<any, any>
+> = new Map();
+const resourceConfigs: Map<Resource<any, any, any>, Config> = new Map();
+
+function getEntriesForResource(
+  resource: any
+): Map<any, any> | WeakMap<any, any> {
+  let entriesForResource = ((entries.get(resource): any): Map<any, any>);
   if (entriesForResource === undefined) {
-    entriesForResource = new Map();
+    const config = resourceConfigs.get(resource);
+    entriesForResource =
+      config !== undefined && config.useWeakMap ? new WeakMap() : new Map();
     entries.set(resource, entriesForResource);
   }
-  let entry = entriesForResource.get(key);
+  return entriesForResource;
+}
+
+function accessResult<Input, Key, Value>(
+  resource: any,
+  fetch: Input => Thenable<Value>,
+  input: Input,
+  key: Key
+): Result<Value> {
+  const entriesForResource = getEntriesForResource(resource);
+  const entry = entriesForResource.get(key);
   if (entry === undefined) {
     const thenable = fetch(input);
     thenable.then(
       value => {
         if (newResult.status === Pending) {
-          const resolvedResult: ResolvedResult<V> = (newResult: any);
+          const resolvedResult: ResolvedResult<Value> = (newResult: any);
           resolvedResult.status = Resolved;
           resolvedResult.value = value;
         }
@@ -110,21 +126,28 @@ function accessResult<I, K, V>(
   }
 }
 
-export function createResource<I, K: string | number, V>(
-  fetch: I => Thenable<V>,
-  maybeHashInput?: I => K
-): Resource<I, V> {
-  const hashInput: I => K =
-    maybeHashInput !== undefined ? maybeHashInput : (identityHashFn: any);
-
+export function createResource<Input, Key, Value>(
+  fetch: Input => Thenable<Value>,
+  hashInput: Input => Key,
+  config?: Config = {}
+): Resource<Input, Key, Value> {
   const resource = {
-    read(input: I): V {
+    clear(): void {
+      entries.delete(resource);
+    },
+
+    invalidate(key: Key): void {
+      const entriesForResource = getEntriesForResource(resource);
+      entriesForResource.delete(key);
+    },
+
+    read(input: Input): Value {
       // Prevent access outside of render.
       // eslint-disable-next-line react-hooks/rules-of-hooks
       readContext(CacheContext);
 
       const key = hashInput(input);
-      const result: Result<V> = accessResult(resource, fetch, input, key);
+      const result: Result<Value> = accessResult(resource, fetch, input, key);
       switch (result.status) {
         case Pending: {
           const suspender = result.value;
@@ -144,7 +167,7 @@ export function createResource<I, K: string | number, V>(
       }
     },
 
-    preload(input: I): void {
+    preload(input: Input): void {
       // Prevent access outside of render.
       // eslint-disable-next-line react-hooks/rules-of-hooks
       readContext(CacheContext);
@@ -152,7 +175,21 @@ export function createResource<I, K: string | number, V>(
       const key = hashInput(input);
       accessResult(resource, fetch, input, key);
     },
+
+    write(key: Key, value: Value): void {
+      const entriesForResource = getEntriesForResource(resource);
+
+      const resolvedResult: ResolvedResult<Value> = {
+        status: Resolved,
+        value,
+      };
+
+      entriesForResource.set(key, resolvedResult);
+    },
   };
+
+  resourceConfigs.set(resource, config);
+
   return resource;
 }
 
diff --git a/src/devtools/store.js b/src/devtools/store.js
index a59c9c9fa4..63d4ce543b 100644
--- a/src/devtools/store.js
+++ b/src/devtools/store.js
@@ -68,8 +68,9 @@ export default class Store extends EventEmitter {
   // At least one of the injected renderers contains (DEV only) owner metadata.
   _hasOwnerMetadata: boolean = false;
 
-  // Map of ID to Element.
-  // Elements are mutable (for now) to avoid excessive cloning during tree updates.
+  // Map of ID to (mutable) Element.
+  // Elements are mutated to avoid excessive cloning during tree updates.
+  // The InspectedElementContext also relies on this mutability for its WeakMap usage.
   _idToElement: Map<number, Element> = new Map();
 
   // The user has imported a previously exported profiling session.
@@ -79,7 +80,7 @@ export default class Store extends EventEmitter {
   // When profiling is in progress, operations are stored so that we can later reconstruct past commit trees.
   _isProfiling: boolean = false;
 
-  // Suspense cache for reading profilign data.
+  // Suspense cache for reading profiling data.
   _profilingCache: ProfilingCache;
 
   // Map of root (id) to a list of tree mutation that occur during profiling.
diff --git a/src/devtools/views/Components/Components.css b/src/devtools/views/Components/Components.css
index 6523b5e515..775b1faef1 100644
--- a/src/devtools/views/Components/Components.css
+++ b/src/devtools/views/Components/Components.css
@@ -24,3 +24,13 @@
     flex-direction: column;
   }
 }
+
+.Loading {
+  height: 100%;
+  padding-left: 0.5rem;
+  display: flex;
+  align-items: center;
+  justify-content: center;
+  font-size: var(--font-size-sans-large);
+  color: var(--color-dim);
+}
diff --git a/src/devtools/views/Components/Components.js b/src/devtools/views/Components/Components.js
index f38830baab..bce5941af0 100644
--- a/src/devtools/views/Components/Components.js
+++ b/src/devtools/views/Components/Components.js
@@ -1,11 +1,13 @@
 // @flow
 
-import React from 'react';
+import React, { Suspense } from 'react';
 import Tree from './Tree';
 import SelectedElement from './SelectedElement';
-import styles from './Components.css';
+import { InspectedElementContextController } from './InspectedElementContext';
 import portaledContent from '../portaledContent';
 
+import styles from './Components.css';
+
 function Components(_: {||}) {
   // TODO Flex wrappers below should be user resizable.
   return (
@@ -14,10 +16,18 @@ function Components(_: {||}) {
         <Tree />
       </div>
       <div className={styles.SelectedElementWrapper}>
-        <SelectedElement />
+        <InspectedElementContextController>
+          <Suspense fallback={<Loading />}>
+            <SelectedElement />
+          </Suspense>
+        </InspectedElementContextController>
       </div>
     </div>
   );
 }
 
+function Loading() {
+  return <div className={styles.Loading}>Loading...</div>;
+}
+
 export default portaledContent(Components);
diff --git a/src/devtools/views/Components/InspectedElementContext.js b/src/devtools/views/Components/InspectedElementContext.js
new file mode 100644
index 0000000000..0a87518f05
--- /dev/null
+++ b/src/devtools/views/Components/InspectedElementContext.js
@@ -0,0 +1,186 @@
+// @flow
+
+import React, {
+  createContext,
+  useCallback,
+  useContext,
+  useEffect,
+  useMemo,
+  useState,
+} from 'react';
+import { createResource } from '../../cache';
+import { BridgeContext, StoreContext } from '../context';
+import { hydrate } from 'src/hydration';
+import { TreeStateContext } from './TreeContext';
+
+import type {
+  DehydratedData,
+  Element,
+  InspectedElement,
+} from 'src/devtools/views/Components/types';
+import type { Resource, Thenable } from '../../cache';
+
+type Context = {|
+  read(id: number): InspectedElement | null,
+|};
+
+const InspectedElementContext = createContext<Context>(((null: any): Context));
+InspectedElementContext.displayName = 'InspectedElementContext';
+
+type ResolveFn = (inspectedElement: InspectedElement) => void;
+type InProgressRequest = {|
+  promise: Thenable<InspectedElement>,
+  resolveFn: ResolveFn,
+|};
+
+const inProgressRequests: WeakMap<Element, InProgressRequest> = new WeakMap();
+const resource: Resource<Element, Element, InspectedElement> = createResource(
+  (element: Element) => {
+    let request = inProgressRequests.get(element);
+    if (request != null) {
+      return request.promise;
+    }
+
+    let resolveFn = ((null: any): ResolveFn);
+    const promise = new Promise(resolve => {
+      resolveFn = resolve;
+    });
+
+    inProgressRequests.set(element, { promise, resolveFn });
+
+    return promise;
+  },
+  (element: Element) => element,
+  { useWeakMap: true }
+);
+
+type Props = {|
+  children: React$Node,
+|};
+
+function InspectedElementContextController({ children }: Props) {
+  const bridge = useContext(BridgeContext);
+  const store = useContext(StoreContext);
+
+  const read = useCallback(
+    (id: number) => {
+      const element = store.getElementByID(id);
+      if (element !== null) {
+        return resource.read(element);
+      } else {
+        return null;
+      }
+    },
+    [store]
+  );
+
+  // It's very important that this context consumes selectedElementID and not inspectedElementID.
+  // Otherwise the effect that sends the "inspect" message across the bridge-
+  // would itself be blocked by the same render that suspends (waiting for the data).
+  const { selectedElementID } = useContext(TreeStateContext);
+
+  const [count, setCount] = useState<number>(0);
+
+  // This effect handler invalidates the suspense cache and schedules rendering updates with React.
+  useEffect(() => {
+    const onInspectedElement = (inspectedElement: InspectedElement | null) => {
+      if (inspectedElement !== null) {
+        const id = inspectedElement.id;
+
+        inspectedElement = (({
+          ...inspectedElement,
+          context: hydrateHelper(inspectedElement.context),
+          hooks: hydrateHelper(inspectedElement.hooks),
+          props: hydrateHelper(inspectedElement.props),
+          state: hydrateHelper(inspectedElement.state),
+        }: any): InspectedElement);
+
+        const element = store.getElementByID(id);
+        if (element !== null) {
+          const request = inProgressRequests.get(element);
+          if (request != null) {
+            inProgressRequests.delete(element);
+            request.resolveFn(inspectedElement);
+          } else {
+            resource.write(element, inspectedElement);
+
+            // Schedule update with React if the curently-selected element has been invalidated.
+            if (id === selectedElementID) {
+              setCount(count => count + 1);
+            }
+          }
+        }
+      }
+    };
+
+    bridge.addListener('inspectedElement', onInspectedElement);
+    return () => bridge.removeListener('inspectedElement', onInspectedElement);
+  }, [bridge, selectedElementID, store]);
+
+  // This effect handler polls for updates on the currently selected element.
+  useEffect(() => {
+    if (selectedElementID === null) {
+      return () => {};
+    }
+
+    const rendererID = store.getRendererIDForElement(selectedElementID);
+
+    let timeoutID: TimeoutID | null = null;
+
+    const sendRequest = () => {
+      timeoutID = null;
+
+      bridge.send('inspectElement', { id: selectedElementID, rendererID });
+    };
+
+    // Send the initial inspection request.
+    // We'll poll for an update in the response handler below.
+    sendRequest();
+
+    // Update the $r variable.
+    bridge.send('selectElement', { id: selectedElementID, rendererID });
+
+    const onInspectedElement = (inspectedElement: InspectedElement | null) => {
+      if (
+        inspectedElement !== null &&
+        inspectedElement.id === selectedElementID
+      ) {
+        // If this is the element we requested, wait a little bit and then ask for an update.
+        timeoutID = setTimeout(sendRequest, 1000);
+      }
+    };
+
+    bridge.addListener('inspectedElement', onInspectedElement);
+
+    return () => {
+      bridge.removeListener('inspectedElement', onInspectedElement);
+
+      if (timeoutID !== null) {
+        clearTimeout(timeoutID);
+      }
+    };
+  }, [bridge, selectedElementID, store]);
+
+  const value = useMemo(
+    () => ({ read }),
+    // Count is used to invalidate the cache and schedule an update with React.
+    // eslint-disable-next-line react-hooks/exhaustive-deps
+    [count, read]
+  );
+
+  return (
+    <InspectedElementContext.Provider value={value}>
+      {children}
+    </InspectedElementContext.Provider>
+  );
+}
+
+function hydrateHelper(dehydratedData: DehydratedData | null): Object | null {
+  if (dehydratedData !== null) {
+    return hydrate(dehydratedData.data, dehydratedData.cleaned);
+  } else {
+    return null;
+  }
+}
+
+export { InspectedElementContext, InspectedElementContextController };
diff --git a/src/devtools/views/Components/SelectedElement.js b/src/devtools/views/Components/SelectedElement.js
index cf4a7c5f33..c2b62a6389 100644
--- a/src/devtools/views/Components/SelectedElement.js
+++ b/src/devtools/views/Components/SelectedElement.js
@@ -1,19 +1,13 @@
 // @flow
 
-import React, {
-  useCallback,
-  useContext,
-  useEffect,
-  useRef,
-  useState,
-} from 'react';
+import React, { useCallback, useContext } from 'react';
 import { TreeDispatcherContext, TreeStateContext } from './TreeContext';
 import { BridgeContext, StoreContext } from '../context';
 import Button from '../Button';
 import ButtonIcon from '../ButtonIcon';
 import HooksTree from './HooksTree';
 import InspectedElementTree from './InspectedElementTree';
-import { hydrate } from 'src/hydration';
+import { InspectedElementContext } from './InspectedElementContext';
 import ViewElementSourceContext from './ViewElementSourceContext';
 import styles from './SelectedElement.css';
 import {
@@ -24,55 +18,59 @@ import {
   ElementTypeSuspense,
 } from '../../types';
 
-import type { InspectedElement } from './types';
-import type { DehydratedData, Element } from './types';
+import type { Element, InspectedElement } from './types';
 
 export type Props = {||};
 
 export default function SelectedElement(_: Props) {
-  const { selectedElementID } = useContext(TreeStateContext);
+  const { inspectedElementID } = useContext(TreeStateContext);
   const viewElementSource = useContext(ViewElementSourceContext);
   const bridge = useContext(BridgeContext);
   const store = useContext(StoreContext);
 
-  const element =
-    selectedElementID !== null ? store.getElementByID(selectedElementID) : null;
+  const { read } = useContext(InspectedElementContext);
 
-  const inspectedElement = useInspectedElement(selectedElementID);
+  const element =
+    inspectedElementID !== null
+      ? store.getElementByID(inspectedElementID)
+      : null;
+
+  const inspectedElement =
+    inspectedElementID != null ? read(inspectedElementID) : null;
 
   const highlightElement = useCallback(() => {
-    if (element !== null && selectedElementID !== null) {
-      const rendererID = store.getRendererIDForElement(selectedElementID);
+    if (element !== null && inspectedElementID !== null) {
+      const rendererID = store.getRendererIDForElement(inspectedElementID);
       if (rendererID !== null) {
         bridge.send('highlightElementInDOM', {
           displayName: element.displayName,
           hideAfterTimeout: true,
-          id: selectedElementID,
+          id: inspectedElementID,
           openNativeElementsPanel: true,
           rendererID,
           scrollIntoView: true,
         });
       }
     }
-  }, [bridge, element, selectedElementID, store]);
+  }, [bridge, element, inspectedElementID, store]);
 
   const logElement = useCallback(() => {
-    if (selectedElementID !== null) {
-      const rendererID = store.getRendererIDForElement(selectedElementID);
+    if (inspectedElementID !== null) {
+      const rendererID = store.getRendererIDForElement(inspectedElementID);
       if (rendererID !== null) {
         bridge.send('logElementToConsole', {
-          id: selectedElementID,
+          id: inspectedElementID,
           rendererID,
         });
       }
     }
-  }, [bridge, selectedElementID, store]);
+  }, [bridge, inspectedElementID, store]);
 
   const viewSource = useCallback(() => {
-    if (viewElementSource != null && selectedElementID !== null) {
-      viewElementSource(selectedElementID);
+    if (viewElementSource != null && inspectedElementID !== null) {
+      viewElementSource(inspectedElementID);
     }
-  }, [selectedElementID, viewElementSource]);
+  }, [inspectedElementID, viewElementSource]);
 
   if (element === null) {
     return (
@@ -267,80 +265,3 @@ function OwnerView({ displayName, id }: { displayName: string, id: number }) {
     </button>
   );
 }
-
-function hydrateHelper(dehydratedData: DehydratedData | null): Object | null {
-  if (dehydratedData !== null) {
-    return hydrate(dehydratedData.data, dehydratedData.cleaned);
-  } else {
-    return null;
-  }
-}
-
-function useInspectedElement(id: number | null): InspectedElement | null {
-  const idRef = useRef(id);
-  const bridge = useContext(BridgeContext);
-  const store = useContext(StoreContext);
-
-  const [inspectedElement, setInspectedElement] = useState(null);
-
-  useEffect(() => {
-    // Track the current selected element ID.
-    // We ignore any backend updates about previously selected elements.
-    idRef.current = id;
-
-    // Hide previous/stale insepected element to avoid temporarily showing the wrong values.
-    setInspectedElement(null);
-
-    // A null id indicates that there's nothing currently selected in the tree.
-    if (id === null) {
-      return () => {};
-    }
-
-    const rendererID = store.getRendererIDForElement(id);
-
-    // Update the $r variable.
-    bridge.send('selectElement', { id, rendererID });
-
-    // Update props, state, and context in the side panel.
-    const sendBridgeRequest = () => {
-      bridge.send('inspectElement', { id, rendererID });
-    };
-
-    let timeoutID = null;
-
-    const onInspectedElement = (inspectedElement: InspectedElement) => {
-      if (!inspectedElement || inspectedElement.id !== idRef.current) {
-        // Ignore bridge updates about previously selected elements.
-        return;
-      }
-
-      if (inspectedElement !== null) {
-        inspectedElement.context = hydrateHelper(inspectedElement.context);
-        inspectedElement.hooks = hydrateHelper(inspectedElement.hooks);
-        inspectedElement.props = hydrateHelper(inspectedElement.props);
-        inspectedElement.state = hydrateHelper(inspectedElement.state);
-      }
-
-      setInspectedElement(inspectedElement);
-
-      // Ask for an update in a second.
-      // Make sure we only ask once though.
-      clearTimeout(((timeoutID: any): TimeoutID));
-      timeoutID = setTimeout(sendBridgeRequest, 1000);
-    };
-
-    bridge.addListener('inspectedElement', onInspectedElement);
-
-    sendBridgeRequest();
-
-    return () => {
-      bridge.removeListener('inspectedElement', onInspectedElement);
-
-      if (timeoutID !== null) {
-        clearTimeout(timeoutID);
-      }
-    };
-  }, [bridge, id, idRef, store]);
-
-  return inspectedElement;
-}
diff --git a/src/devtools/views/Components/TreeContext.js b/src/devtools/views/Components/TreeContext.js
index 85e4b8cd4e..21b16e89a0 100644
--- a/src/devtools/views/Components/TreeContext.js
+++ b/src/devtools/views/Components/TreeContext.js
@@ -19,6 +19,7 @@
 
 import React, {
   createContext,
+  useCallback,
   useContext,
   useEffect,
   useLayoutEffect,
@@ -26,6 +27,11 @@ import React, {
   useReducer,
   useRef,
 } from 'react';
+import {
+  unstable_next as next,
+  unstable_runWithPriority as runWithPriority,
+  unstable_UserBlockingPriority as UserBlockingPriority,
+} from 'scheduler';
 import { createRegExp } from '../utils';
 import { BridgeContext, StoreContext } from '../context';
 import Store from '../../store';
@@ -48,6 +54,9 @@ type StateContext = {|
   ownerFlatTree: Array<number> | null,
   ownerStack: Array<number>,
   ownerStackIndex: number | null,
+
+  // Inspection element panel
+  inspectedElementID: number | null,
 |};
 
 type ACTION_GO_TO_NEXT_SEARCH_RESULT = {|
@@ -91,6 +100,9 @@ type ACTION_SET_SEARCH_TEXT = {|
   type: 'SET_SEARCH_TEXT',
   payload: string,
 |};
+type ACTION_UPDATE_INSPECTED_ELEMENT_ID = {|
+  type: 'UPDATE_INSPECTED_ELEMENT_ID',
+|};
 
 type Action =
   | ACTION_GO_TO_NEXT_SEARCH_RESULT
@@ -104,7 +116,8 @@ type Action =
   | ACTION_SELECT_PARENT_ELEMENT_IN_TREE
   | ACTION_SELECT_PREVIOUS_ELEMENT_IN_TREE
   | ACTION_SELECT_OWNER
-  | ACTION_SET_SEARCH_TEXT;
+  | ACTION_SET_SEARCH_TEXT
+  | ACTION_UPDATE_INSPECTED_ELEMENT_ID;
 
 type DispatcherContext = (action: Action) => void;
 
@@ -134,6 +147,9 @@ type State = {|
   ownerStack: Array<number>,
   ownerStackIndex: number | null,
   ownerFlatTree: Array<number> | null,
+
+  // Inspection element panel
+  inspectedElementID: number | null,
 |};
 
 function reduceTreeState(store: Store, state: State, action: Action): State {
@@ -591,6 +607,24 @@ function reduceOwnersState(store: Store, state: State, action: Action): State {
   };
 }
 
+function reduceSuspenseState(
+  store: Store,
+  state: State,
+  action: Action
+): State {
+  const { type } = action;
+  switch (type) {
+    case 'UPDATE_INSPECTED_ELEMENT_ID':
+      return {
+        ...state,
+        inspectedElementID: state.selectedElementID,
+      };
+    default:
+      // React can bailout of no-op updates.
+      return state;
+  }
+}
+
 type Props = {| children: React$Node |};
 
 // TODO Remove TreeContextController wrapper element once global ConsearchText.write API exists.
@@ -618,10 +652,12 @@ function TreeContextController({ children }: Props) {
         case 'SELECT_PARENT_ELEMENT_IN_TREE':
         case 'SELECT_PREVIOUS_ELEMENT_IN_TREE':
         case 'SELECT_OWNER':
+        case 'UPDATE_INSPECTED_ELEMENT_ID':
         case 'SET_SEARCH_TEXT':
           state = reduceTreeState(store, state, action);
           state = reduceSearchState(store, state, action);
           state = reduceOwnersState(store, state, action);
+          state = reduceSuspenseState(store, state, action);
 
           // If the selected ID is in a collapsed subtree, reset the selected index to null.
           // We'll know the correct index after the layout effect will toggle the tree,
@@ -660,15 +696,29 @@ function TreeContextController({ children }: Props) {
     ownerStack: [],
     ownerStackIndex: null,
     ownerFlatTree: null,
+
+    // Inspection element panel
+    inspectedElementID: null,
   });
 
+  const dispatchWrapper = useCallback(
+    (action: Action) => {
+      // Run the first update at "user-blocking" priority in case dispatch is called from a non-React event.
+      // In this case, the current (and "next") priorities would both be "normal",
+      // and suspense would potentially block both updates.
+      runWithPriority(UserBlockingPriority, () => dispatch(action));
+      next(() => dispatch({ type: 'UPDATE_INSPECTED_ELEMENT_ID' }));
+    },
+    [dispatch]
+  );
+
   // Listen for host element selections.
   useEffect(() => {
     const handleSelectFiber = (id: number) =>
-      dispatch({ type: 'SELECT_ELEMENT_BY_ID', payload: id });
+      dispatchWrapper({ type: 'SELECT_ELEMENT_BY_ID', payload: id });
     bridge.addListener('selectFiber', handleSelectFiber);
     return () => bridge.removeListener('selectFiber', handleSelectFiber);
-  }, [bridge, dispatch]);
+  }, [bridge, dispatchWrapper]);
 
   // If a newly-selected search result or inspection selection is inside of a collapsed subtree, auto expand it.
   // This needs to be a layout effect to avoid temporarily flashing an incorrect selection.
@@ -692,7 +742,7 @@ function TreeContextController({ children }: Props) {
       addedElementIDs,
       removedElementIDs,
     ]: Array<Uint32Array>) => {
-      dispatch({
+      dispatchWrapper({
         type: 'HANDLE_STORE_MUTATION',
         payload: [addedElementIDs, removedElementIDs],
       });
@@ -703,7 +753,7 @@ function TreeContextController({ children }: Props) {
       // At the moment, we can treat this as a mutation.
       // We don't know which Elements were newly added/removed, but that should be okay in this case.
       // It would only impact the search state, which is unlikely to exist yet at this point.
-      dispatch({
+      dispatchWrapper({
         type: 'HANDLE_STORE_MUTATION',
         payload: [new Uint32Array(0), new Uint32Array(0)],
       });
@@ -712,11 +762,11 @@ function TreeContextController({ children }: Props) {
     store.addListener('mutated', handleStoreMutated);
 
     return () => store.removeListener('mutated', handleStoreMutated);
-  }, [dispatch, initialRevision, store]);
+  }, [dispatchWrapper, initialRevision, store]);
 
   return (
     <TreeStateContext.Provider value={state}>
-      <TreeDispatcherContext.Provider value={dispatch}>
+      <TreeDispatcherContext.Provider value={dispatchWrapper}>
         {children}
       </TreeDispatcherContext.Provider>
     </TreeStateContext.Provider>
diff --git a/src/devtools/views/hooks.js b/src/devtools/views/hooks.js
index 3b0c064ba0..6d48915d20 100644
--- a/src/devtools/views/hooks.js
+++ b/src/devtools/views/hooks.js
@@ -56,7 +56,7 @@ export function useLocalStorage<T>(
     value => {
       try {
         const valueToStore =
-          value instanceof Function ? value(storedValue) : value;
+          value instanceof Function ? (value: any)(storedValue) : value;
         setStoredValue(valueToStore);
         window.localStorage.setItem(key, JSON.stringify(valueToStore));
       } catch (error) {
diff --git a/yarn.lock b/yarn.lock
index 712643e1d5..557d169899 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5126,10 +5126,10 @@ flatstr@^1.0.9:
   resolved "https://registry.yarnpkg.com/flatstr/-/flatstr-1.0.9.tgz#0950d56fec02de1030c1311847ecd58c25690eb9"
   integrity sha512-qFlJnOBWDfIaunF54/lBqNKmXOI0HqNhu+mHkLmbaBXlS71PUd9OjFOdyevHt/aHoHB1+eW7eKHgRKOG5aHSpw==
 
-flow-bin@^0.96.0:
-  version "0.96.0"
-  resolved "https://registry.yarnpkg.com/flow-bin/-/flow-bin-0.96.0.tgz#3b0379d97304dc1879ae6db627cd2d6819998661"
-  integrity sha512-OSxERs0EdhVxEVCst/HmlT/RcnXsQQIRqcfK9J9wC8/93JQj+xQz4RtlsmYe1PSRYaozuDLyPS5pIA81Zwzaww==
+flow-bin@^0.97.0:
+  version "0.97.0"
+  resolved "https://registry.yarnpkg.com/flow-bin/-/flow-bin-0.97.0.tgz#036ffcfc27503367a9d906ec9d843a0aa6f6bb83"
+  integrity sha512-jXjD05gkatLuC4+e28frH1hZoRwr1iASP6oJr61Q64+kR4kmzaS+AdFBhYgoYS5kpoe4UzwDebWK8ETQFNh00w==
 
 fluent-syntax@0.10.0:
   version "0.10.0"
@@ -9912,14 +9912,6 @@ scheduler@0.0.0-4221565e1:
     loose-envify "^1.1.0"
     object-assign "^4.1.1"
 
-scheduler@^0.14.0-alpha.0:
-  version "0.14.0-alpha.0"
-  resolved "https://registry.yarnpkg.com/scheduler/-/scheduler-0.14.0-alpha.0.tgz#6d301d8fd10373487e0e47e837ad24e863ce807d"
-  integrity sha512-qlVVnhIJqLu9E09ZYYJHG4nYwrS4TG2zfODfS/Mk3oSGjeJlrBZTFSU3yfMdu5lIrYzWmHHWFgERPsKbildS6Q==
-  dependencies:
-    loose-envify "^1.1.0"
-    object-assign "^4.1.1"
-
 schema-utils@^1.0.0:
   version "1.0.0"
   resolved "https://registry.yarnpkg.com/schema-utils/-/schema-utils-1.0.0.tgz#0b79a93204d7b600d4b2850d1f66c2a34951c770"