This application needs ROOT permissions, and you should not install it unless you have them or if you don't know what this application is for. That said, I take no responsibility at all for everything :P
From version 1.8, users are able to select what version of bootmenu they want to install. This version is then fetched from the web (hence the Internet permission), and installed. Using your own url is on the works, I'll post a tutorial on how to set up it once it's done ;)
[How to update]
If you have previously installed this app, to update the BootMenu just install this new one, and press "Install 2ndInit Recovery", you don't need to uninstall first. You'll know that it updated correctly when you boot into BootMenu, notice the version that displays on top.
If you're already running CyanogenMod or MIUI don't use this app to update bootmenu, wait for a new ROM update, since bootmenu bundles with those ROMs itself, and using this tool to update in those ROMs might break your installation.
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* Install from custom URL now possible
* Added translation to Russian (contributed by _ReBoot_ )
* Some smaller bugfixes