Update: This app has finally landed in the Android Market, so head over there and grab it!
Have you ever been out somewhere when you were suddenly hit with a stroke of artistic genius? You haven't? Oh... well, have you ever been bored and just wanted to doodle on your phone a bit? If you fall into either of those categories, you need to check out a new app called Fresco.
This app is labeled as a "mobile art studio" per the developer, and it packs quite a few nice features: full layer support, configurable brush and eraser tools, smoothing, flood fill, zoom/pan, export to .PSD (with layers) and more.