Xcode error: Failed to launch simulated application

Question

Problem

Unlike people have asked at here and here, I got this error after a brand new installation of Leopard (hackintosh), this problem really driving me crazy a

Answer 1

This ends up being a product name issue:

The fix is to revert back to

${EXECUTABLE_NAME} ${PRODUCT_NAME}

for the executable file and com..${PRODUCT_NAME} in the info.plist.

Clean XCode, Quit, rese and quit simulator and you're good to go.