100% to much becouse this App(Software) is not new

and its 100% not the next hype how Mr Zuckerberg is saying that.

I dont know about copyright of this App but you can find some apps like this on Android Market and Ios Market

Edit:

Android 4 Life
Deadmau5 Reviewed by Deadmau5 on . Facebook buys Instagram for a BILLION Encase your living under a rock Instagram is the hugely popular iOS photo sharing app with 30 million users that recently launched on Android. The App which has only being available on iOS since it's launch allows users to add filters to photos and share them with friends. Last week it launched for the first time on Android and got over a million downloads in less than 24 hours. Due to it's simplicity and ease of use the app has started growing it's active community. Google and Facebook Rating: 5