The Shoot Me app works on stock and rooted froyo for me, I doubt that the update did any thing to it.
Also just saying not to use someones apps does not help any. One started interwebs rumors and "facts" can be very difficult for to kill, there needs to be a valid reason for a statement like that, as in they are malicious, or drain battery or simply to complex for simple folks to figure out.
Caution: Sarcasm is implied at all times.
Fascinate(Returned)>Incredible 2 (Rooted Stock)