@itrader - we've tested it mostly on the Samsung Galaxy Tab, but there don't seem to be many things to sort out for mobile phones - and we're working our way through those with regular updates.
We started with the objective of making the PC / Mac / Linux / Android versions as similar as possible, so that you can move easily between them. The drag and drop interface makes this relatively simple. But the smartphone screen is that bit smaller, so we're improving the interface features on the Android version to make it easier to use on smaller screens.
You could wait a bit for it to be officially launched on smartphones. Or you could be the first to test it on a nexus one, and get your suggestions incorporated (and bugs fixed!) ;-)
The pro version has had over 1,000,000 hours of professionally shot content through it, so something works :-) I've put a couple of example videos up on clesh.com, where you can also get a free subscription for the Java app.