Good news : GPSNotifier 1.5 has been approved by Apple AppStore Review Team !
The new version is a major improvement over version 1.0. Here is the list of new features :
The application received extensive testing and it should show a dramatic improvement for the accuracy of the GPS.
You can download GPSNotifier 1.5 from the AppStore now. The Lite version has not yet been approved but hopefully it will happen soon.