1. It's not an iPad app, so not sure why it's in the iPad section
2. It's been in the App Store for over a month, I doubt it'll be pulled if it hasn't already been
3. It's not a real browser, you're using someone else's browser and displaying it back. I would NOT trust an app like that.
All this app is doing is displaying back an instance of Firefox running on a server somewhere. I wouldn't trust it for normal browsing. Ok for just trying out running Flash/Java stuff, but I wouldn't expect Flash games to work on it (although I haven't tried, so I can't say for sure).