Android could work nicely on it, and it's only natural that someone is going to try it. The work won't be easy -- there's the matter of hardware support for all the "peripherals" like sensors and wireless, file partitions need figured out, and all other manner of geeky things under the hood need tweaked to even get it booting up. But we've heard from several people who are planning to do just that, and we wish them the best of luck. Hopefully, some of the users that will be flocking to Android from webOS will have some know-how and they will be able to work with our talented Android development community and make it so.
OK, OK. So it's not like people haven't tried to get Android on webOS hardware (and vice-versa) before. Both platforms have been around long enough that such unholy hacking was inevitable. But now that the TouchPad is a mere $99, you're going to see a lot more people getting in the game.
Kicking yourself for not picking one up for $99? Yeah, so am I.