I think it will.
The cool editor allows creating small apps based on a generic infrastructure. The editor is based on a visual configuration tool, dragging controls to the main screens and allowing a lot of basic integrations with the operating system.
It looks impressive but it's not the kind of tool that will add quality apps to the Android Market.
The number of apps on Android has been growing quickly over the past year, with some suggesting that there will be 100,000 apps by the end of July this year, compared to only around 10,000 the same time last year. Apple's App Store, on the other hand, is in the lead with over 225,000 apps.
Here's a short video demonstration: