Monodroid build error on startup project

I just downloaded and installed M开发者_Go百科ono for Mac along with Mono for Android. Selecting file -> new solution -> new MonoDroid Application, and trying to build that, I just get an error:

/Library/Frameworks/Mono.framework/External/xbuild/Novell/Novell.MonoDroid.Common.targets:
Error: Invalid or unrecognized TargetFrameworkVersion 'v1.0' (AppName)

Any ideas what I could do?

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Are you using the correct MonoDevelop? You need to be using the one here:

http://monodevelop.com/Download/Mono_For_Android#Mac

You should also make sure that you're using Mono 2.10 (as the error you're mentioning looks like an xbuild error).