Looks like a thin client (Like Citrix or OpenThinClient).
I am not sure about that... they have a custom made dalvik engine that they say is many times faster than the original google one.
If they have the engine they could run locally, and there are references of bundle together.
I was wish it could be comercially allowed to lets say b4a generate a code and automatically create the IOs version attaching this thing to the apk. Like with phonegap (I know it is different, however the deployment idea is the same)