I had Xcode 4.1 preview 5 working fine but decided to upgrade to the final xcode 4.1 thru the App store. I uninstalled Xcode first...
sudo /Developer/Library/u
Note - after running "Install Xcode" I still only have "gcc" in /usr/bin, not gcc-4.2. But still worked fine, /usr/bin/gcc was a symlink to /usr/bin/llvm-gcc-4.2