This app will probably only appeal to people who want the world sanitized for their protection. (And those who like to control what others read.) If you can't handle a few swear words in print, you might want to rethink why you're reading certain things.
It's as dumb as those video stores and companies that censored the movies they sold.
People have tried to remove books from library shelves because of language, no matter the context in which it's used. Now you don't even have to engage in the tiring chore of finding naughty words, a computer can do it for you!
And drawing parallels to fan editing is a snake river canyon sized jump of logic.
I can only imagine what this thing does to books like Fifty Shades of Grey. ;)