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I tried it, I love it. It's open source, so anybody can develop for it/with it. Lots of apps, smaller footprint. Plus if it's audio you're into, Android supports more formats (like FLAC). Plus no one is going to tell me I can't do whatever I want on my device. I want a customized operating system, I can have it. And I did! I love freedom!
I've had an Android for over 2 years now, and this summer I used my upgrade on an iPhone4, and it was the biggest mistake of my life. I used the iPhone for less than one day and returned it to the verizon store for an Incredible 2. Android is just the most functional OS out there.
Nice, usable, fast, full-featured, lots of free goodies, and a real operating system you can toy with if you know how. You can watch porn if you want, and no holier-than-thou guy or company will censor you. It's free software that allows you to stay free, not like Apple's freeware- and freedom-hostile, DRM-ridden vending machines.
Lots of promise, but has Google bitten off more than they can chew?
Cons: They want to put this on everything from set-top boxes to cheapo cell phones. Doesn't solve the biggest problem with cellphones - software will still be hardware compatible, not Android compatible.