Hello people,
I found this post when i bought my Belkin mini Bluetooth (4.0) dongle and checked if I needed to do something before things will work.
First of all, as X423424X mentioned above, the Bluetooth Explorer is a tool that is part of the XCode developer suite. So for all you non apple developer program members: his solution won't work.
Maybe a friend or someone in your neighbourhood has a developer account, ask them to provide you with that app.
Where can it be found under the latest XCode 4.5 > ?
Apple moved some of the tooling from the standard dev box into downloadable modules. You can find them when:
1. You startup XCode
2. Click on "Xcode" in the top menu
3. Select "open developer tool"
4. Select "More developer tools..."
This will bring you to the developer.apple.com/downloads section, specifically the Commandline tools listing will be displayed.
Bluetooth Explorer is an app that is bundled along in the bundle "Hardware IO Tools for XCode - Late July 2012".
Download it, open the DMG file and click the .prefpane file to install the network connection pinching preferences app if you'd like (not related to bluetooth) and copy all the other apps (or just the Bluetooth Explorer, whatever you wish) somewhere in your Applications folder.
Run Bluetooth Explorer and follow X423424X's steps.
Good luck