I had a similar problem with the original poster (Bill Matthews). On my MacPro (early 09), but not on my MacBookAir - both with the launch of 10.10.3, and with the new Xcode 8.3 (over beta version 3) - I could not get any simulators to be displayed, regardless of the purpose of the assembly iOS (A temporary workaround was debugged on the real device after it was selected from the menu "Product" β "Destination" β "Unacceptable devices" β {my iPhone}.)
I tried to remove the simulators in ~ / Library / Developer, but could not reinstall them; in the settings-> Downloads-> Components will be displayed as installed / disabled, even after a reboot, despite the fact that they are removed. The same result even after deleting the component folder and ~ / Library / Caches / com.apple.dt.Xcode / Download and reboot. The same result even after deleting all ~ / Library / Developer, unlike Bill Matthews (Mazel Tov!).
In abundance of caution, I reinstalled 10.10.3 from a combo update (not the AppStore), and then Xcode 8.3 from developer.apple.com (and not the AppStore).
This is a trick for me. YMMV.
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