I'm sorry to say that things did not go as planned. Apple just sent me a message saying that iToon 2.0 has been rejected. The reason is because there are icons on my UI that resembles Polaroid features. According to Apple : "it appears to include features that resemble Polariod photographs".
They told me that and sent me a set of screenshots:
Remember that iToon 2.0 will be a free upgrade to all previous iToon owners.