You could maybe try putting it in the top right, like this: http://idea.s3.amazonaws.com/appdiem.png. The problem with that though is if you get a long app name it's going to overlap.
It was originally there, for what it's worth, but we ran into exactly that issue.
My personal (minimalist) favorite position was just outside the grid, to the left of the picture, with JUST the application icon -- of course, that had to be rethought as soon as we had our first iPad app submitted.
I'll keep playing with options, naturally -- can I pester you again later to get your thoughts on what we end up with?
Sure, feel free to email me -- address in my profile -- or just reply here.
If I go left of the grid, I'll probably use a vertical indicator, instead of horizontal.