UPDATE: INSTALLOUS 3.1 RELEASED. INSTALLOUS IS NOW A UNIVERSAL APP WHICH MEANS THAT IT RUNS PERFECTLY ON THE IPAD. ON THE IPAD, INSTALLOUS HAS SUPPORT TO SHOW IPAD ONLY APPS!

Finally an update

Installous, the app to download and install cracked apps was updated today.

Here’s what the devs have to say:

Installous is relatively stable, but there are a couple caveats which you must take note of.

• Native Installation has a small bug in which installations report completion a little early on older devices (iPhone 2G, iPod 2G, etc.). More specifically, older processors. We’re not entirely sure why yet, and it’s the reason why were we absurdly delayed in the public release. It is the default installation option, since most of our users are on newer devices. But if you’re on an older device and you’re installing a huge app, we suggest changing to bash installation in the settings tab by turning off native installation.
• AppSync is required for this. Either 3.0, 3.1, 3.2, or 4.0 (which doesn’t exist yet, but still).

It seems like the first time some people run it, it will not connect to apptrackr properly or something. Restart springboard or your entire device, and the problem shouldn’t persist. We’ll figure out what’s wrong later.