Thanks for your reply.
We are still it Beta.
Installing profile is to tie you wallet to the device. It is a security feature, we just got your hadrware identificators. That means no one can steal you BTC without having your iphone. When you try to withdraw my BTC in fruitwallet account, that I've provided you suppose to get an error, that wallet is set up to other device.
Minimal send amount is 0.001 BTC. Do you think it is quite a lot?
Which features don't you like? I would appreciate your feedback.
It will not spy. It is it even does not install anything, just collects data (udid number)
(UPDATED)If you go to Settings-> General -> Profile, You will see that no profiles applied.
Here is full description of profile https://www.dropbox.com/s/nyix2c9pk2gznk3/image-21.png