update errors

[tyarmsteadBUSuSfT]

I installed the latest update and then when I tried to use simulator on my project it would not open. I closed everything then tried to reopen the project and received this error. An I am unable to open the app. Is this due an Apple issue or LiveCode issue?

Process: LiveCode-Commercial [591]
Path: /Applications/LiveCode 6.1.1 (rc 1).app/Contents/MacOS/LiveCode-Commercial
Identifier: com.runrev.livecode
Version: 6.1.1.2006 [rc 1] (6.1.1.2006 [rc 1])
Code Type: X86 (Native)
Parent Process: launchd [136]
User ID: 501

Date/Time: 2013-08-22 20:10:44.583 -0400
OS Version: Mac OS X 10.8.4 (12E55)
Report Version: 10

Interval Since Last Report: 4261 sec
Crashes Since Last Report: 4
Per-App Interval Since Last Report: 4240 sec
Per-App Crashes Since Last Report: 2
Anonymous UUID: 290EC02F-B948-2815-88C2-AF7E1DD26FAF

Crashed Thread: 0 Dispatch queue: com.apple.main-thread

Exception Type: EXC_BAD_ACCESS (SIGBUS)
Exception Codes: KERN_PROTECTION_FAILURE at 0x0000000000000000

VM Regions Near 0:
--> __PAGEZERO 0000000000000000-0000000000001000 [ 4K] ---/--- SM=NUL /Applications/LiveCode 6.1.1 (rc 1).app/Contents/MacOS/LiveCode-Commercial
__TEXT 0000000000001000-0000000000296000 [ 2644K] r-x/rwx SM=COW /Applications/LiveCode 6.1.1 (rc 1).app/Contents/MacOS/LiveCode-Commercial

Thread 0 Crashed:: Dispatch queue: com.apple.main-thread