Version 1.5.2 has been released:
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* Add support for "Delete as Spam" and "Ban User" for those mods/admins with access
* Fix issue with soft-deleted threads showing up in thread list/search
* Add support for showing signatures to users
* Fix issue with using Arabic characters for login/password
* Allow administrators to choose forums to exclude from sending to Forum Runner mobile clients. This is found in vBulletin Options->Forum Runner->Exclude Forums

Version 1.5.3 has been released:
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* Fix many issues with forums with foreign character sets (logging in, push notification, moderation, etc)
* Fix issue with forums that disable attachments completely incorrectly allowing Forum Runner to attach images
* Fix issue with some threads crashing with iPad clients
* Add ability to configure which user groups you want to EXCLUDE sending Google AdSense or AdMob ads to

Great app and exceptional service and response to inquiries. Thank you!

Making mental note to try this in the future.

Version 1.6.1 has been released:
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* Allow forum owners to configure the color of the navigation bar of their users while browsing their forum.
* Allow forum owners to provide default 'forum icons' for their forums/subforums - see forumrunner/icons/README.txt
* Modify 'preview' to show preview of last post in thread rather than first
* Add ability to enable "Signature" so that your posts will have an optional "Sent from my <device> using Forum Runner" appended. This can be overridden by the forum owner.
* Add support for displaying HTML, BBCode markup, and animated smilies
* Add support for viewing online status through app
* Add support for reporting of posts via app
* Handle [COLOR], [I], [B] BBCodes
* Add ability for users to choose if they see the last post or first post in thread summary screens

Looking good.

Is this for real? Users need to pay for an app to view my forum? Tell me I'm understanding this wrong and you guys are joking please. Also, I need adsense on my forum, there is no way around this. Will this hack violate their terms?

Someone has to pay for all the development that went into this app. You know to even have an app listed in Apple's store is $100 a year, even if it's a free app.

If you'd rather pay for it out of your pocket you can choose the "branding" link on their homepage and buy a version specific to your forum your users can download for free.

Does this app support custom bbcode smilies?

It does.

If you have custom smilies, the user can tap on the post when viewing it and it will load the custom smilies (and HTML / full BBCode) in a fast-loading window.