I have been working on an app in iphone simulator for a number of weeks and it has been running well up until now, but all of a sudden has begun running very slow both when
If the Cmd-T (slow animations) option doesn't work for you and Debug -> Slow Animations
is off but you still have slow animations try Simulator -> Reset Contents and Settings
(or possibly Hardware -> Erase All Content and Settings
). That worked for me when none of the other answers in here did. Anyone have a suggestion as to why?
Also having a debugger attached (at all) may make the animations very slow.