Apple announced Xcode 4.3 for OSX Lion and 4.4 for OSX Mountain Lion last week. The major difference is that Xcode no longer provide an installer which is good thing because you now could update Xcode with AppStore in the future, plus it is much easier to carry the development environment with you. However, there is a little problem with this new version of Xcode, is that all command line toolsets and compilers are not visible in terminal. A simple fix is to update your PATH env:
export PATH=/Applications/Xcode.app/Contents/Developer/Toolchains/XcodeDefault.xctoolchain/usr/bin:/Applications/Xcode.app/Contents/Developer/usr/bin:$PATH
Please be noted that clang does not reside in /Developer/usr/bin, it is now in /Developer/Toolchains/XcodeDefault.xctoolchain/usr/bin
Now you could access to gcc, g++, git or any toolsets bundled with Xcode. For your convenience, it is recommended to include it in your .bash_profile
.