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The developer is working on the lag on the map. It uses the same map as Loopt and Loopt is so much faster than Nearby so I know it can be better.
 
Has anybody used the Nearby App? It is available in the App Store.

It is a location based app. I believe it has potential if it has enough users.

http://platial.com/iphone

My Nearby Map is cluttered with nothing but people putting their names in at their own homes. I'm guessing they're just trying to see if the thing worked. I got bored quickly and gave up trying to find anything of interest.
 
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