All of the contractual stuff was completed and approved yesterday. We're now awaiting approval of the application itself. At the moment, the 1337pwn XBOX Live Friends List native SDK application is in the "In Review" status. As such we can't give you a firm availability date. We are literally fourth and inches from general availability of the new application in the AppStore.
Thank you all for your feedback and support!
UPDATE: And yes, it is head banging frustration to have your application hanging out in the "In Review" status. I'll be a big ball of stress, anxiety, and frustration until the application hits the AppStore. Of course, making matters worse, I'm the obsessive compulsive impatient type. Haha. The new application is so much better than our web application and anything else out there. I can't wait to get it in your hands. We're already working on the first update that will expand the already large feature set of the application. For now, all we can do is wait.