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
Try removing (you can try just moving them rather than deleting them) these user directories. Make sure your developer tools are not running when you do this.
~/Library/Application\ Support/iPhone\ Simulator
~/Library/Application\ Support/Developer
~/Library/Developer
These directories are particular to your user.