[UPDATED - this app is from ChipotleLabs ... not Instagram]

ChipotleLabs just released a new Instaplayer app to the iOS app store.

The iPad app includes an animated gallery of everyone’s photos, your photos, or the photos of those you follow on Instagram. Included for free is the ability to stream a slideshow to your iPhone — although why you’d want to do that when you already have it on your iPad I’m not sure — or any TV connected to an Apple TV device.

You can also curate your stream with up to four filters by entering locations, hashtags, or users, and watch new photos appear in a printed-by-Polaroid-style animation. I can totally see this happening on a massive screen at a party, event or conference — all photos with the conference hashtag would automatically stream up.

Unlocking this functionality, however, which ChipotleLabs calls InstaRemote, will cost you the princely sum of $0.99.

You can also add sound via another $0.99 upgrade — Instagram has included a “vintage music player” that allows you to add a soundtrack to the photos with either a cassette player (on iPhone) or reel-to-reel (on iPad) music player. Which essentially gives you animated, musical slideshows with Instagram photos.

I’ve downloaded it, and it’s gorgeous. But there is one problem with the app: Instagram’s servers appear to be overloaded right now, and I’m not able to sign into my Instagram account on the app.

So I can’t try and test the new filtered, curated views.

I’ve asked company representatives for a comment on the issue, and will update this when and if VentureBeat hears back from them.