One of the more common ways to share code between Android and iOS now is to have a library written in C/C++ which is linked via NDK on Android and wrapped in ObjC/ObjC++ on iOS. In an all plain-ARM world this is no big deal, but the more CPU types you add the more of a pain this becomes on the Android side despite some support in the SDK for "fat binaries" (you still have to anticipate and compile for all those arches, whereas Java/Dalvik code will "just work" regardless of underlying CPU).
Given Intel's recent push into Android along with the continued divergence of ARM into lots of branches with different features, different SIMD instructions, etc, this seems like a pretty useful solution to that problem.
Either way, this was a Summer of Code project. I doubt Google gave a ton of thought to how it fits into their overall global strategy for Android development as many bloggers seem to be theorizing about.