So I feel a little silly joining in on the speculation regarding the gPhone. But I think Android, Google’s platform for mobile devices, makes good sense and is more “Google-like” than “Apple-like” which is no doubt good for the market as a whole over the next few years.
You can track what’s been going on with Android on the official site, the wikipedia entry, and the Open Handset Alliance home page.
UPDATE: Wired published an interesting article explaining the whys and wherefores of Android. On the last page Larry Page points out that whether or not Android-based handsets come to dominate the market, Google competitive presence in this space will be a positive influence for making mobile devices more web-friendly. (My friend Chetan Sharma, mobile consultant extraordinaire, also gets a great quote on page 7, incidentally.)