Yes, this tuner does nothing more than act as a digital pitch pipe. Ironically, I found it to be by far the easiest to tune to out of all the free apps and most of the shareware apps on the site.
Hands-down the best tuner is GarageBand (add a real instrument track, then click the tuning fork in the little time readout panel in the bottom). I didn't want to install the massive loop library for a simple tuner, so this is a usable substitute.
I feel bad about giving this a positive review considering the simplicity, but it really does get the job done so much better than the many automatic tuners out there, assuming you have the ear for it. So, if nothing else, kudos on hitting the small, obscure niche of instrument tuners that actually work.
My one suggestion would be to have the note stop playing when you click another note. Unless there's something I don't know about tuning, it's nothing but an annoyance to have to silence one note before you can hear the other. It'd also be helpful if it could play the guitar repeatedly - I ended up tuning to the violin so I wouldn't have to keep hitting the note button.