Yes !  With some luck we will make it available in beta within the next two weeks.  I have the android wallet working and made the first payment with it yesterday. It uses viewkey synchronization and anyone who has used the sumokoin wallet (which I launched months ago) or moneroju will highly appreciate the gained performance in synchronization (and extreme data usage reduction).

Running a wallet against a remote node that is outside your control always comes with a risk.  We have setup a wallet node for OMB users to synchronize against but everyone is obviously free to setup their own wallet node (which is simple and documented) to use it with the mobile wallet.

Stay tuned!


Edit: s/if/is/