"The Android Market will allow developers to offer both free and for-purchase applications to people with Android based smartphones. Built-in support for the Android Market will be included in the Android OS," says Android Authority.
The store will be hosted by Google, which says the store will offer search, download and install facilities, and will also offer a feedback loop so users can tell developers about their experience with applications they download and use. Kind of like App Store app reviews in iTunes.
"Initial Android based devices will run a beta version of the Android Market that will only support free apps and will not provide full analytic data to developers," the report claims.