Here is how to run the IOS 7.0 Simulator under the Xcode 4.6.3 version.
0) Make a backup point for the Mac
1) Download and install the Xcode 5 Beta X
2) Make sure that the IOS 7 simulator is working for Xcode 5 with IOS 7 Simulator
3) Stop all simulators and Xcodes
3.5) Make duplicate of the current Xcode 4 and do 4) to the duplicate app bundle
4) Copy
/Applications/Xcode5-DP3.app/Contents/Developer/Platforms/iPhoneSimulator.platform/Developer/SDKs/iPhoneSimulator7.0.sdk/
to
/Applications/Xcode copy.app/Contents/Developer/Platforms/iPhoneSimulator.platform/Developer/SDKs/iPhoneSimulator7.0.sdk/
5) Start the proper simulator in 7.0 mode using Xcode 5 and a sample app, etc.
6) Stop Xcode 5
7) Start Xcode 4 COPY and choose the same 7.0 simulator and run your app (Xcode 4 is not "smart" enough to start the 7.0 simulator).
8) Should show up in the 7.0 simulator