Did you run sudo xcode-select -switch /Applications/Xcode.app? This message: error: can't exec '/Developer/usr/bin/xcodebuild' is telling you that your system is looking for xcodebuild in `/Developer/usr/bin/' but as of Xcode 4.3 (the one that's installed from the App Store) it's located in the Xcode.app bundle which is in /Applications.
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