So the last line in the console was: Reason: image not found
I was working in a new project which I’d made Universal (ie, iPad and iPhone). I’d also enabled the iAd framework. I was trying to remove any iAd references in my iPad side of the project since the console lines before included: dyld: Library not loaded: /System/Library/Frameworks/iAd.framework/iAd
Well, the image not found error was really due to the framework (great message). Since the framework is included it always will blowup the iPad app. You have to weakly include it using the project properties.
I open the project properties double clicking the top most element in the left frame of the project (the project name).
Then click the Build tab
Next to Configurations: select All Configurations
Then scroll down to the Linking section.
Within that find Other Linker Flags and double click it
This opens a dialog from which you click the + button to add a new entry
type in: -weak_framework iAd
and hit OK.
Should now only pull in the iAd framework if running an OS that can handle it (ie, not 3.2 and iPad).