The Mother Of All Android Malware Has Arrived: Stolen Apps Released To The Market That Root Your Phone, Steal Your Data, And Open Backdoor | Android News, Reviews, Apps, Games, Phones, Tablets, Tips, Mods, Videos, Tutorials - Android Police

Aaron Gingrich on Android Police posts a scary article about Android, opensource code, and how an un policed app market can attack your phone.  
http://www.androidpolice.com/2011/03/01/the-mother-of-all-android-malware-has-arrived-stolen-apps-released-to-the-market-that-root-your-phone-steal-your-data-and-open-backdoor/