Handsets may be a large chunk, but is not the only game in town for embedded computing, there are plenty of major appliances and automotive that seek performance, lowest power and cost. So I see room for this and many other incarnations of OS applications.
Instead of trying to establish itself as a MeeToo player in the smart phones and tablets market, MeeGoo community should explore the possibilities of entering a totally virgin market and become a niche player. Maybe in the new world of 'Internet of Things'?
Well, it depends on your definition of success. Recall that while Android and IOS are major players, the Blackberry O/S, Symbian and Windows Phone 7 are also in the market. Hence the comment about saturation. There just isn't much space to maneuver in the handset market. But, since Windows Phone 7 only controls 7.7% of the current market in the U.S., one does have to question it's viability in the long term. For tablets, IOS, Android and RIM's QNX seem to be players and WinPhone 7 appears to be a no-show. Maybe MeeGo can make a play here, but unless we start seeing products soon, it may be too little, too late.
Actually, this is an interesting comment... the suggestion seems something that is possibly quite reasonable... and the reverse something Android poorly able to do; it doesn't seem to even virtualize itself all ther well.
Chances look bleak for MeeGo to be successful in mobile/tablet markets. MeeGo best bet now is to modify the OS with some Virtualization engine, that every Android app can be run on it without any changes. After all both are Linux variants.