Setting up an Android application in Xamarin Studio is just as easy as it is for iOS. It's also very similar to the experiences in Visual Studio. Xamarin Studio includes several project templates that are specific for Android to jump-start your development.
Xamarin Studio includes the following project templates:
Android application: A standard Android application that targets the newest Android SDKs installed on your machine
Android Honeycomb application: A project that targets Android Honeycomb, which is API (Application Programming Interface) level 12 and above
Android Ice Cream Sandwich application: A project that targets Android Ice Cream Sandwich, which is API level 15 and above
Android library project: A class library that can only be referenced by Android application projects
Android Java bindings library: A project for setting up a Java library to be called from C#
Android OpenGL application: A project template to use low-level OpenGL for...