I saw a few posts on it and just trying to figure out what it is, is it like netflix of some sort?
I have a iPad 3rd gen FWIW
I personally wouldn't bother. While up to, say, a year ago I would have said it was by far the best player for iOS, that's no longer the case, unless you need DTS or Lossless WMA support. Its SMB streaming support is particularly buggy and the player is, generally, slow on the iPad 3, compared to the latest best AppStore players.
All in all, don't bother - if you don't mind paying for some AppStore players, get
nPlayer. You'll love it.
AVPlayerHD is also great but I'd take a look at nPlayer first - it supports networking and subtitles better. The JB'n, free(!) RushPlayer+ is also much better in some respects.
I also recommend my articles scattered here at MR. I've posted several XBMC- (an example tutorial:
https://forums.macrumors.com/showthread.php?p=16406123 ) and, in general, multimedia-related articles on MR. An example where I too explained why I don't recommend XBMC for local video watching:
https://forums.macrumors.com/posts/17041853/