The MiPhone M88 - an Android platform?
With a 200Mhz ARM926T TI OMAP 850, the MiPhone M88 seems to meet Android’s minimum hardware requirements. It ships with Windows Mobile 6, costs $258.00 from DealExtreme, and looks like it has the right combination of smartphone essentials - Tri-band GSM 900/1800/1900, 802.11g/b, Bluetooth, 3.2” touch screen.
Though initial reviews are positive, the $258 price point is a bit optimistic of DealExtreme, considering real HTC devices and iPhones cost only slightly more (albeit with a contract).

So, of the iPhone clones this may very well be the nicest yet. Alas, the game is still on for an Android distribution that works on these phones.