I have just pushed the v1.1.5 update for the Ape Apps Launcher out to all platforms.

This update fixes a couple bugs, and on some configurations offers significant performance improvements, particularly with AMD/ATI graphics cards.

Find the download links here (should auto-update if you already have it installed):
market.ape-apps.com/ape-apps-launcher.html

v1.1.5 is good. This post was originally about v1.1.4, which was a dud.