Simple. You must follow community, watch wwdc videos. And most important get a book which teaches latest ios version which is ios 5.
Here is with ten seconds research I found this tutorial to install Mac OS X Lion on your machine.
http://www.insanely-mac.com/forum/index.php?showtopic=262430
Dude you better use native install. Not vm. I think mountain lion would perfectly work on your system. I'm developing ios app on hackintosh for 1 year. I haven't yet put any app to store though. Always use latest xcode which is 4.4.
There is only little change from 4.3 to 4.4. With xcode 4.4...
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