Whenever I closed my smart cover or otherwise dismiss the Remote app, attempts to reopen the app result in a "reset", acting as though it was the first time remote was opened and "forgetting" where I was in the virtual iTunes view. The track playing shows on top of the iTunes view, but my track/album pane is cleared, and it is asking me what I want to connect to, just like when you first open the app.
Apple TV 2, iPad 2 with latest iOS