I've just installed Alpha 2.1. I don't what else to say but, WOW!!!!!!!
It works flawlessly on my Touchpad, and rebooting into WebOS is no problem at all.
A couple of notes:
The instructions in the text file on the ACMEInstaller need some clarification:
1. When the instructions of Windows installation refer to "Terminal" it really means "command line," i.e. from the search window on the computer, type CMD to open a DOS box.
2. Make sure the ACMEInstaller is in the same directory as novacom.exe (which you will find under Palm in Programs).
3. If you're running a 64-bit version of Windows, you'll find it under Program Files (x86) and not Program Files.
4. If you want the Android Market app installed, you'll need to install using the ACMEInstaller. You can find it here:
http://goo-inside.me/gapps/
I'm really excited! Even though I paid a substantial premium for my 32-gig Touchpad ($279), I now have a fast, first-rate Android table AND a WebOS tablet.