MIDImorphosis 1.6 update coming soon -- and it'll be free on 9/19, for International Talk Like A Pirate Day!
The Fishman TP does the same sort of thing as the app, but requires hardware attached to your guitar. The hardware solution costs a bit more, but if you need high performance, it could be the way to go. The TriplePlay is a really great product; in some sense, it's a competitor, but I have not hesitation in recommending it. Google for Fishman Triple Play, and you'll find it (I can't embed a link in the comments).
A new video showing conversion of recordings into MIDI!
Another MIDImorphosis demo, this time with Sapient from Abomnium. \m/
Thanks for the review -- to open a set of chords (one you've got, or DL from Twitter), just tap the "open" button -- no need to build a chord set every time! Glad you dig the app!
Version 1.2 is out -- should fix things!