Running in simulator tutorial Out Of Date?

So I'm a current iPhone developer that's branching out into making some games. My initial games are going to standard 2D games and after looking around at the options, for my current skill level at game development it seemed Torque was the obvious solution. After seeing an argument between a hot tempered, illogical Unity fan and Michael Perry on a third party board, I decided to go ahead and commit to Torque for at least my early projects and handed over my $750.

Anyway, so I got iTGB 1.2 and loaded up the documentation that came with it. Admittedly the docs could use a little work on their own, but the first little basic "Get an app running in the simulator" seems to be horribly outdated. The Xcode screenshots seem out of date, and more important the process doesn't quite seem accurate. Maybe I messed something up, I don't know. So I followed along dragged the image maps into the scene, saved the scene, tested in iTGB and everything went swell. The documentation then said to open up the Xcode project and add files as references. After doing this I built and ran the app, however, it said I didn't have any executable after compiling the entire thing. Figured out the documentation said to build in release mode, so I switched over to that and started getting compiler errors. Seeing that the active target TGBGame, that the docs reference wasn't available in the project I assumed it was out of date.

As I mentioned I had been swayed to dive in by a post on another forum, which was made back before version 1.2 came out, and I remembered a reference to being able to streamline the whole process in 1.2 and do it all from within iTGB. So I poked around and found the build projects option under the File menu. I figured this must be what I wanted, so after setting it to simulator and iPhone OS 2.2.1 I figured I was off. It started building in Xcode, and then finally launched the simulator... however, the simulator didn't seem to actually open anything. It just sat there. So I figured I'd go open the Xcode project myself and build it manually. This time I was able to get through build, and it installed into the simulator. However, what I saw was clearly wrong. It was my application, but there was a odd fake cursor present, and the entire thing was moved up and to the right by probably 50-100 pixels in each direction. So there was white space along the left and bottom edge and the actual scene seemed to be both stretched and be positioned awkwardly over the status bar.

My guess is that I'm just not doing the process for building into Xcode, but I'm at a loss currently to figure out where I went wrong in the process.