A suggestion to you - put this in the Android.mk file generated by the Introjucer, to boost the performance of your generated code!
#Turn-off thumb mode, generate 32-bit code instead! #This gives a huge performance boost! LOCAL_ARM_MODE := arm
EDIT: Please also see this build crash for Android: http://www.rawmaterialsoftware.com/viewtopic.php?f=13&t=11712
Hoping this helps!