I cannot launch the simulator successfully. Once I launch the IOS Simulator this error appears:
\"Unable to boot the IOS Simulator.\"
I tried all of the solutions above, and was still unable to launch the iOS8 Simulator. The iOS7 Simulators all launched fine.
Looking at the Console, I found that the launch was crashing, and the crash log complained about the dynamic library, libimckit.dylib. You can read about that here: https://discussions.apple.com/thread/5781366?start=0&tstart=0
The quick solution, remove that and its partner library, reboot, and it loads.