It just had the same error on Xcode 4.3.2 with the target iPad3 5.1, but after that you can create and run on my device:
Deleted my DerivedData directory (emptied trash too)
Quit xcode
Disconnected iPad USB
Rebooted mac
Rebooted iPad (power down and back up)
Reconnected iPad USB.
Restarted Xcode with project
Confirmed build for debug on device selected.
Clicked run
I do not know if all these steps are required. This is a short answer, since it does not explain the problem and does not provide the correct solution. I expect more from Apple; I searched for the best answer, but found nothing.
Rebooting to solve problems is not a solution! OTOH, this allowed me to continue my work, so ... a little blessing.
Taryn May 08 '12 at 17:49 2012-05-08 17:49
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