I have been having this weird problem with Xcode 4.3.2, of course after the recent update.
After successfully building and running on the simulator several times, xc
I had the same damn issue on XCode 4.5.1, but I resolved it just now. When the program is running, it gets compiled but doesn't show anything on the simulator. just click on iOS Simulator icon in dock in order to bring it to front. Click iOS Simulator on top left -> Reset content and settings -> then force quit the iOS Simulator and run the program again. !!