I\'m running the very latest version of xcode (4.2.1). And I\'m signed up to the ios developer program.
When I create a new iOS Application for iPhone or iPad, using
I hate to say it, but it sounds like you may need to do a clean system install followed by a clean XCode install.
Or do you have another machine you can try a clean install of XCode on first?
If you can't just create a new project and run it in the simulator without it crashing you either have an issue with XCode or with your system. Since reinstalling XCode you still have an issue, I am afraid that leaves your system in question.