Before it was updated to version 2.0 yesterday, Instacast was already a solid podcast playback and management app for iPhone. (Instacast HD, its separate iPad version, is also pretty good.) Post-update, it’s become even more dependable.

The new, amped up version of Instacast boasts a slew of new features too many to enumerate here without running the risk of plainly copying the changelog from the App Store page of the app. That said, I’ll just highlight some of the more important additions to Instacast’s feature set. For starters, Instacast 2.0 sports a redesigned interface that greatly improves on the app’s previous look. The podcast player has also been enhanced with a sleep timer, continuous bidirectional playback, and a nifty option that shares your exact position in a podcast along with your comments via email or Twitter. Further, the download manager has been equipped with the ability to pause and cancel downloads and reorder downloads by priority.

Instacast 2.0 features an improved podcast player.

Another important change brought about by the update has to do with the app’s price. Coinciding with the update push, the price of Instacast has been dropped from $1.99 to $0.99. This price drop is clearly rooted in the app’s inclusion of several pro features, which are available via a $1.99 in-app purchase. Most users would probably be content with the basic version, sufficiently loaded as it already is with useful features, but if you consider yourself a podcastophile, you might be interested in Instacast Pro. Instacast Pro offers playlists both smart and otherwise, bookmarks with both import and export capabilities, individual podcast settings, and push notifications to alert you of new episodes of your favorite podcasts.

Instacast for iPhone is available in the App Store for $0.99. Even if you’re subscribed to only one podcast, you’ll find much use for Instacast. Insta-update or insta-buy it now.