Comment: It's the same as the older SDK agreements (Score 5, Informative) 535
I just checked the wayback machine and the SDK terms haven't changed much in years. Here's a link to the 2010 terms for the SDK:
http://web.archive.org/web/20100724144708/http://developer.android.com/sdk/terms.html
Pretty much the same as the current SDK agreement. The parts under proprietary license you can't mess with, the parts under open source licenses you can do what you want with. I can't see that anything has changed with the latest version of the agreement.