Fixed to work with Modified Gmail 2.3.5
Need http://goo.gl/vBQFK to use it though!!!
What many have been asking for... Archived email notifications! If you have filters on labels that automatically archive your email you can now get notifications for them. Albeit not as great notifications but at least its something. Labelert will display the Label Name along with the total unread count for that label.
New - Archived email support!
Fixed - Could not have a silent ringtone for a label.