Just got the email from Apple saying that they have approved 5.50 for iPhone/iPad.
You should be able to update it from the App Store now.
-Added ability to browse YouTube videos and play them on your computer
-Added ability to share what you are watching in Facebook, Twitter, etc..
-Added indicator to show which item in playlist is playing
-Fixed the subtitles autoload problem
-Fixed the problem with deleting skins
And you can now follow VLC Remote on Facebook…