I've charge $1,000 to produce websites that were hardly more than a complex collection of text and images, so how could I really fault this one?
I suppose there's some case to be made regarding harm; a substantial sum paid for little or no value. To most of us it sounds ridiculous, but I site an example of 'modern art' that's even more egregious in my (artwise) uneducated opinion.
I purchased a car from a dealership that had a large painting in the lobby. The canvas was perhaps 40 ft by 10 ft, and was mostly white. The edges had some 6 inches of a geometric pattern. It was barely distinguishable from the white wall behind it, yet the 'painting' was valued at over $200,000 because of the artists name (which I can't recall and never heard of before). It is considered some 'valuable' depiction of emptiness, I suppose.
Should that be considered wrong? Criminal? If it were my $200,000, well, yes - but if I PAID that myself, I'd have to consider myself mentally deranged during the time I forwarded the payment.
At list the 'jewel' wasn't some lead painted toy, poisoned pet food or tainted heprin (no ill will toward that country of origin).
I'm happy that my reputation isn't soiled with something like this in my history, and I suppose Apple has some right to determine what they're willing to retail, but outside of wondering about the mental fitness of someone willing to pay for that application, I have to wonder if 'the line' we should draw regarding consumer protection would fall anywhere near this kind of business. I think not.