Also, no simruntime for 7.0 and before works in El Capitan, regardless of Xcode version.
Interestingly, by doing this developers have a harder time supporting me (iOS 6 and 7 on phone/tablet). The result is forgoing app updates and even new apps altogether that I can't download. This pushes me to upgrade, and keeps the iOS adoption rate quite high. Facilitating devs in supporting old iOS versions does the opposite. I'm not a fan of this but I can easily imagine the benefits for Apple.
Of course having a real device is much better, but as a web developer, this helped me pick up a Safari only bug very easily without needing to spend on a real device.
You can use OSX's debugger in Safari to remote debug a web page in the simulator, which I think is pretty neat.