Etsy for Android version 2.2 has now been released on the Android Market. Click here from your Android device to download it.
The new version adds the ability to do a bit of shop management. Quick access to view your listings and view orders that have been placed. Along with that you can set the orders to paid/unpaid and shipped/unshipped.
Hopefully the app can now start being a bit more useful to you shop owners. More to come soon.