XBMC is not new to Android, but is finally available in a stable and user-friendly version that will make it viable for everyone.
Here is the announcement of the XBMCANDROID.com team:
This release is basically the first end user friendly version of XBMC for Android that should work great on pretty much any Android powered device. Since XBMC still doesn’t support hardware accelerated video decoding on most devices, support for an external video player is included in this release, that way you’ll still be able to enjoy a flawless XBMC experience since the external video player itself does support hardware accelerated video decoding.
You’ll also find that a bunch of customizations have been made in order to make the whole XBMC experience more enjoyable for the end user, including shortcuts, the ability to use XBMC as a Launcher (and launch Android Apps & Settings from within XBMC), along with many of the most popular XBMC addons bundled directly into the release.
Hopefully this will change the public perception of XBMC just being a media player, and most people will realize that it’s much more: a media platform that interfaces with online streaming video content, bringing online streaming technology directly to your favourite devices in an easy to navigate system with endless possibilities.
You may get more information at forum.xda-developers.com.