This is on OS X Yosemite. It appears when I try launching Xcode.
There are no updates shown in the App Store and there are no active downloading updates shown, either. Not exactly the pinnacle of Apple's great user experiences.
I hope I don't have to do a clean install…
This happened to me during the installation of iTunes 12.2.1 (1220C173).
I restarted my computer and ended the update, then Xcode opened properly.
Happened to me as well. Restarting the computer fixed it.
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