[MonoTouch] MonoDevelop 2.8.1 does not recognize iOS SDK 5.0

[technohead]

Hi,
   I seem to have the worst of luck when it comes to upgrading MD/iOS SDK.
I've just upgraded to MD 2.8.1 and XCode 4.2 but when trying to build my
solution for either the simulator or the physical device, it reports the
error that the Apple iPhone SDK is not installed. Under the main project
options/iPhone Build, it originally reported SDK version 5.0 (not
installed). After selecting Default, there is now no other option.

   I've tried reinstalling XCode 4.2 a number of times to no avail. Any
ideas?

thanks,
Dennis

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