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I am trying to install Xcode 4.2.1 from App Store on my iMac running OS X 10.7.2 and when I started the installation by clicking on the Install button in the App Store on my iMac, it changed to Installing but it doesn’t show any progress bar indicating the status or percentage of progress of the installation. Is this how it is supposed to be? How long does it take to install? I had uninstalled my previous Xcode 4.1 earlier before starting the Xcode 4.2.1 installation.
It happened to me. I rebooted and it worked properly.