How will Android benefit us? Is it capable of something the competition isn't? Is Android going to be beneficial or just something new to play with? Perhaps forget about about in a few months or years once the excitement's worn off.
It is capable of being used by a number of handset manufacturers and carriers (which cannot be said about iPhone and Palm WebOS).
It is capable of being used by homebrew engineers for everything from tinkering to creating a more secure phone experience for those worried about privacy (imagine a handset with encrypted VOIP over 3G).
IMHO, comparing features and functions is generally meaningless, because they change every year.