I attended the Boston Flash Platform User Group meeting last night to learn about upcoming mobile development tools for Flash. A presentation was given by Brian Rinaldi, and contained a few demos of Flash applications running on Android devices.
Overall, the application development seemed fairly straightforward, with emphasis on making the application behave similarly to other Android apps. I'm excited to get my hands on the new Flash Build and Flex SDK to try my hand at a few simple Android Apps.
Checkout Flash Builder Burrito(mmmmm burrito).
Sign up for the prerelease version of Flash builder.
By all means, check out Brian's blog post, which details most of his presentation.