In the video below, Google co-founder Sergey Brin (the guy with 5-pm stubble and a T-shirt, hardly the image of a man worth $20 billion) announces the release of Google's answer to Apple iPhone: Android.
Direct link to Android official site: http://code.google.com/android/
Some demonstration of what Android could achieve is in the video as well. Looks impressive, as it even has the touch-screen goodness that makes iPhone so desirable. Android is a software development kit (SDK) for tech wiz kids to write third-party application software with. We won't actually see these super smart phones on sale until next year. Oh, and there is also $10 million prize money for those who could come up with cool applications written on the Android platform: