(Making me wonder when Binaura will surprise with more Android goodness...)
It is hard to tell seeing the video how far you can go manipulating samples but I am all for anything that manipulates samples in real time. Plus that it is going to be for free.
Link to their website:
It does seem to be an offspring of a Hardware project that you can see in the second video and what I understand with similar functions but maybe not with the 8-bit sound?