First off, this apps is not for you if you are not already a bloomberg anywhere customer. That out of the way, my benchmark is the blackberry version that I regularly use. This version is very nice by comparison. There are two modes. One, you log into using your bloomberg id. From there you can log into a citrix-like bloomberg anywhere where you can see your familiar screen real estate from a regular bloomberg session. You're warned not to do this with a 3G connection.
I found that I can live with the first mode but noted a few alpha software type glitches. When reconfiguring the panels for the front screen the whole app fails to launch. I've tried two versions but the only fix is a re install.
I complained on bbg chat "help help" that the chat functions were only available in the terminal login mode. They told me they were working on adding this feature to the main screen.
Pros: looks nice, lots of screen real estate
Cons: not as stable as the blackberry version (yet) and no chat functionality without the high bandwidth terminal login
So useful, obviously limits compared to desktop, but I use this every single day. Love the daybreak podcast !