And most often of all, while explaining what they've done, the reviewee will say "and this does... oh crap, wait" and fix the mistake themselves. Among all their other virtues, a code reviewer is a level 2 debugging duck. (Although all of my code review experience is with buddy check-in style reviewing rather than sending it off to be reviewed. I can understand endless nitpicky questioning being annoying if you're doing it offline.)

Isn't the code review generally pretty late, i.e. just prior to release? At that point, the code should be passing all unit tests and I'd expect obvious bugs to be pretty unlikely. Non-obvious bugs generally won't be spotted in a code review setting.