BBC News: The team at Surrey Satellite Technology Limited (SSTL) in Guildford goes to use Android-based smartphone to control 30cm-long nano-satellite and take pictures of the Earth in a space mission later this year.
Chris Bridges from the Surrey Space Centre said: "If a smartphone can be proved to work in space, it opens up lots of new technologies to a multitude of people and companies for space who usually can't afford it. It's a real game-changer for the industry."
Thanks to CDM for the link!
Update: Electronics Weekly too runs an article on this project.