iOS4 SDK + Three20 Build issue

I installed the latest iOS4 SDK which replaced my existing S开发者_如何学JAVADKs (so I no longer have anything other than 3.2, 4.0).

I also checked out the latest Three20 from github, and now whenever I'm about to Build a new Three20 app, or even run the samples I get the following error:

Build Three20Core of project Three20Core with configuration Debug

Check dependencies

[BEROR]error: There is no SDK with the name or path 'iphonesimulator3.0'

Is Three20 not yet iOS4 SDK compatible?

You need to change the "Base SDK" in the downloaded project info settings from 3.0 to 3.2 or 4.0