Sorry for the delay, but finally a Universal Binary is available. PPC users are also encouraged to upgrade as some new features have also made it into the mix.
Version 1.3:

Universal Binary
New background animation - The animation for fading of the backgrounds has been redone as a cross-fade between the two images. Performance of the entire […]

After multiple betas and some very positive feedback from all of the beta testers, there is a final release of EMUlaunch 1.2. A quick rundown of the new features:

Nested ROM folder support.
This was the biggest addition to EMUlaunch and means that you can now have your roms divided into folders within the main roms folder. […]

An FAQ page has been created to answer some common questions about using and setting up EMUlaunch. Comments are on so if you would like to see more information on this page leave feedback.
http://emulaunch.com/faq/