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Without further ado I give you Blender 2.63 running on a Galaxy Tablet - I assume it's a version of Android higher than 2.3; that is the minimum requirements, along with an ARMv7 chip.
My thoughts on this at the moment are that it's a nice trick to show friends. Clearly the menus, and general interaction will require some work done on the user-interface in order to make it a viable application to use. But overall with work progressing so fast I can quickly seeing it become a workable application, and an application that offers full 3D modelling, sculpting, animation, rendering, and compositing on a mobile device.
It's also worth mentioning that the Blender Game Engine also runs on Android. I won't link to it as it's on another forum, but if you're familiar with Blender's most popular forum you'll know where to find it.
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I would love to hear thoughts and opinions on this, and perhaps, where the future lies for these devices in regards to multimedia applications; clearly the Galaxy tab is fast enough to boot Blender in a few seconds, and to allow smooth interaction. Something which I did not expect a mobile device to achieve.