Hi Igor,
The absolute minimum requirements for Android (Android 1.5 - Cupcake) were originally a 200 MHz processor, 32 MB of RAM, and 32 MB of storage. Same is the requirement of basic Windows CE! So when it finally comes to the possibility of loading of a very lite version (customizing the kernel) of Android 1.5 or so; I won't say it might... but it could be possible. But am interested in what Lori has to say... :)
Regards,
Gautam