It's definitely misleading. They give the impression, without coming out and actually saying it, that you can run Android and Linux side-by-side. The only thing you can share is your data, same as any dual-boot (or hibernate-and-switch).
Then again, what do you expect from Canonical nowadays? After alienating their users, they have to find something to try to stay relevant. UbuntuTV won't do it - Lenovo has an Android 4.0 TV out with facial and voice recognition, motion sensors, multi-touch remote, etc. - and they're in production. UbuntuTV? Just search for samygo.tv
- it's the same thing, just rebadged.
Back at the beginning of 2008, Shuttleworth said he expected Canonical to be profitable in 4-5 years. If you look at your calendar, time's running out, and Canonical is less and less competitive every year. The last few years have been marked by buggy releases, they've conceded the desktop to distros like Mint, their Unity interface is not going to attract OEMs without native Android support, which they gave up on in 2010 after making a big deal of it "within a year" in 2009, their Ubuntu One service is moribund, nobody cares about their cloud service, they just dumped Kubuntu ... it's a real mess. Even their former COO, Matt Asay, is now saying that he thinks they lack focus and are going in the wrong direction. Then again, I was saying that before they hired him.http://www.theregister.co.uk/2011/06/07/ubuntu_sexy_nun_netbooks/