I also came across this: installed Xcode 4.2 on Snow Leopard and ran my application on a simulator. 5.0 works, but makes it work in Portrait mode (separate release). The immediate problem was all 4.x simulators that worked perfectly under Xcode 4.1, loaded the application into the Default.png splash screen, and then just crashed, with a demo:
int 3 nop
And the stack trace shows __dyld_dyld_fatal_error. Looking at gdb showed the most useful information posted in the question above.
Copying this llvm link to libC ++ abi.dylib to / usr / lib works, but there is a safer solution:
Answer: Add -Wl, -no_implicit_dylibs to the "Other linker flags" in the build settings.
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