I am an Android Developer from SDX-Developers and i'm extremely interested on getting an R-Pi Android Distrobution. Some possible useful applications of having an Android distro are:
Most/All Android applications are made to run on ARM Processors.
Could be used as a Portable Skype Client. With its high capacity video capabilities, you could use R-Pi as the ultimate HD tool for Skype video calls.
Integration with Google Apps
I am going to start looking for the source code for the board and onboard chips to build an Android Development Tree for it, and see if I can get it to boot. I think it would be a relatively easy task considering that a recovery application is not needed. This is because the entire filesystem is mounted on the SD card, which can be removed and the files installed on a regular PC. The only thing that might be a problem is getting Android to work with a USB Mouse, Keyboard, Webcam, and Microphone (for skype).
First things first, I am going to try to get everything necessary for it to build and compile sucessfuly so installations and testing can begin as soon as it is released. If you would like to help or contribute, email me at firstname.lastname@example.org