It sounds amazing - and what's better is that you can take your Rhodes app and build it as an iPhone app, Android app, windows mobile app... And it builds the Objective C++, Java etc. And, to give the apps a naitive feel, all you need to do is tweak the CSS - amazing.
For development, I could use RhoHub, an online SDK which looks pretty cool. But, if you want to create private apps with more than 3 contributors, you need to pay. So, I'm going to attempt to build a Rhodes development environment locally using the Android SDK and eclipse on Ubuntu 10.4 - with me luck!