All - I am the developer of this app and while I'm really sorry that some of you are running in to these problems, it seems it is not affecting everyone alike.
There are some reviews that report that the app works just fine for them even with the update.
My take is that some kind of hardware/software variation is involved in this problem (after all, it made it through certification).
I'm working on this problem and will submit another update today. However, it will still be a week before it reaches you.
Thanks for your support and sorry again for the incovenience caused.