In real terms, using android to get intel based mobile devices out to the broader market may be a great thing for Meego.
Using somone else's OS as a testbed for Intel means android (and thus google) will be on the recieving end of criticism from a user/consumer perspective, for any bugs or problems that arise, and may allow Intel the breathing space to iron out issues that arise between hardware and userspace before pushing Meego.
furthermore, it will allow Intel to ride on the (existing) success of android as a means of increasing it's market share in the mobile arena.
Ultimately, i think Meego will always play second fiddle to chip sales for Intel, and after all, Intel may be a/the major player in the Meego environment, but its an LF project and as such, who knows which companies have already been downloading and developing the source behind the scenes for their own products?

off topic, I would be more interested in HTC's acknowledgement that they are considering purchasing/procuring another OS.
in the same announcement, they clearly indicated that their expertise in the UX/OS overlay field places them in a good position for any future endeavours in this area.
With licensing costs for Android and Windows only looking to increase, a free and open OS like Meego with a beatiful HTC Sense overlay has some great possibilities...
then again, there's also webOS....