Indeed. I don't see why they need to charge even 99¢ for it. They made that in the margins of the original products that are capable of running the app.
(This used to be the case with QuickTime: the basic stuff was free, but if you wanted additional codecs you had to upgrade to QuickTime Pro, for real money -- but it wasn't all going into Apple's pocket: it was simply that if they'd bundled all the codecs with the basic application they'd have been liable for extra royalties.)