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?

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