Chad reviewed Air Mouse a while back, and now they've let us know they're back with a 1.5 update that adds some nifty new features, including:

the computer notifies Air Mouse as to which app it's currently running so that Air Mouse can show the correct keys for that app. We plan to make more use of this system in future versions and think that this is the directions that all remotes will be heading in the future.

Check out the above video for more on the navigation and media player support, and if you try it out, let us know what you think!