Hi Guys,
I just stumbled onto a way to do this. If you are booting from the SD card, be aware that the mmcargs by default automatically over-ride the bootargs when you get it by default. So, while working on the android port, I just modified mmcargs to run the android version of init and it booted straight into android.

# printenv
# setenv mmcargs setenv bootargs mem=128M console=ttyS2,115200n8 root =/dev/mmcblk0p2 rw rootfstype=ext3 init=/init rootwait
# saveenv

Best regards,