Impossible to edit programs
After installing this, which is quite complicated, I realized that it is impossible to edit .m files in the app. Anyone who uses Matlab at anything but the very most basic level will at least write scripts. Without this ability, this app is essentially useless.
My recommendation is to instead get a remote access app on the iPad, and then run Matlab remotely on a PC.
PalmIPhoneConvert about
MATLAB Mobile, v4.2