Wow, Turned out this final step appears to be no longer needed. xCode will NOT appear to deploy the profiles automatically any more so you still need to do that through the organizer. But I simply could not get the Hello World app to run on my 2.2 iPhone with the 2.2 SDK. I went and just made a new Navigation project, Changed the Any iPhone OS line to be my iPhone developer entry. Then went and changed the Identifier to match my App ID that I made through the portal, redeployed, got the message that I needed to add a profile, added in the profile I had already made to my iPhone again ( I deleted it when I made the new app ) and the second deploy worked
Hope this helps. I did not have to redo anything, I just could not get the Hello World sample to work on the iPhone, a new project worked fine.