Comments are closed on that page, so instead I will comment here.
There's no need to use xargs, and pipe to sh in this scenario. The same functionality can be achieved by using only find:
PROCS=8;cuffs=`which cufflinks`;find `pwd` -name 'accepted_hits.bam' -type f -exec qsub -l ncpus=$PROCS -- $cuffs -p $PROCS -o {}-cufflinks -g genes.gtf {} \;