was having problems with running iSimulate with ne cocos version, but it works now. so instead gonna show a solution
if you create a new cocos2d project from templat and follow all the instructions from iSimulate Documentation, it will not yet work. you additionally need to:
- add the "-ObjC" to the target (not just project)
- compile simulator on SDK 3.0
solved it for us
PS: if you don't know iSimulate - you definitely should get accustomed with it ;) it really helps a lot with recording videos and testing in simulator. basically it passes touch events and accelerometer controls to the Simulator