I don't think Apple's updated the info on iTunes yet. Take a look at the settings pane--we put the version number at the bottom. Here are the release notes that will be up soon:
This version improves playback performance and fixes an autosave bug, as well as other minor bugs.
There's also a new note in the app description--a little present for the next time you upload a movie to flipbook.tv:
For a limited time only, upload a movie to flipbook.tv, and you'll receive a coupon for 25% off a Pogo Stylus!
-Josh
Love your App and I hope to be uploading something to flipbook.tv soon. Not near as good as some, but it was fun to make.
I also really appreciate your contributions to this thread
Eric