Needless to say, this got me thinking. What if I wanted a quick solution to removing the ads? So, I created a project on Google Code's excellent project hosting, took a copy of the Ste xml file, removed the ads and checked it into svn. No more ads! If you would like to also take advantage of no more ads, you can add this repository to your iPhone and remove the lame ass full of ads Ste one. I'll try to update it every few days or so.
Instructions and documentation is here: http://code.google.com/p/stenoads/