Error on iOS Simulator when debugging MonoTouch - 3.2 SDK error when only 4.3 installed?

When attempting to debug a working iOS app on a new Lion 10.7.1/MonoTouch 4.0.7/MonoDevelop 2.6/XCode 4.1 (4B110) install, I get an error regarding libsqlite3:

/Developer/Platforms/iPhoneSimulator.platform/Developer/SDKs/iPhoneSimulator3.2.sdk/usr/lib/libsqlite3.dylib : parsing file : /Users/ben/Library/Application Support/iPhone Simulator/4.3.2/Applications/BB35EEFB-5700-466F-BD50-FF296D308FE6/Documents/databasefile Object reference not 开发者_运维百科set to an instance of an object

I checked, this file does not appear to exist:

ls /Developer/Platforms/iPhoneSimulator.platform/Developer/SDKs/iPhoneSimulator3.2.sdk/ ls: /Developer/Platforms/iPhoneSimulator.platform/Developer/SDKs/iPhoneSimulator3.2.sdk/: No such file or directory

I only have the iPhoneSimulator4.3.sdk installed. Anyone have any ideas what would be attempting to hook this file?

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This is a known issue that is fixed in MonoTouch 4.2. There is a workaround if you cannot update immediately.