So exx00 response sounds like it was fixed for him, but as of today I am still only seeing low and high resolution options for the stream quality and that is even on the most recent version of the app for iOS(updated yesterday to 2.3.1). Also I still cannot log in to the app, or else it never loads any lists of streams or channels and will eventually (within 30 seconds) crash the app. Works **fine** without logging in, and actually the high quality looks to be about between 480p and 720p on my iPad.
Oh, thats a bad news for iPad users like me :/... "Thus, we are no longer labeling by the actual resolution. This is in preparation for other technological changes we are making in our infrastructure that will appear over this year (2013)." - makes hope. Thanks for the anwser.