Blank New Project Gives Error When deploying on iOS device

I create a New Titanium Project, run it in the Simulator, and it runs fine (the normal new app).

When I add the AppId, and provision file, and try to run the App on the iPhone itself, I get this error in the Console:

[ERROR] clang: error: linker command failed with exit code 1 (use -v to see invocation)
[ERROR] 
[ERROR] Error: Traceback (most recent call last):
  File "/Library/Application Support/Titanium/mobilesdk/osx/2.1.1.GA/iphone/builder.py", line 1484, in main
    execute_xcode("iphoneos%s" % iphone_version,args,False)
  File "/Library/Application Support/Titanium/mobilesdk/osx/2.1.1.GA/iphone/builder.py", line 1239, in execute_xcode
    output = run.run(args,False,False,o)
  File "/Library/Application Support/Titanium/mobilesdk/osx/2.1.1.GA/iphone/run.py", line 41, in run
    sys.exit(rc)
SystemExit: 65

I gather it's something with the iOS version. I'm working on:

[INFO] Titanium SDK version: 2.1.1 (07/27/12 14:01 0fd84a2)
[INFO] iPhone Device family: universal
[INFO] iPhone SDK version: 4.3
[INFO] Performing full rebuild. This will take a little bit. Hold tight...

I see you are using iOs sdk 4.3. What xcode are you using ? You should move to iOs sdk 5 (and very soon to 6).