The installation procedure is pretty easy and Android users will just have to download the "APK" from XDA-Developers.com and transfer it to their Android devices and hit install. Some users might need to enable install from unknown sources in their phone/tablet settings.
The application seems to be working fine on a varied range of devices including Galaxy Nexus.
Flipboard is a news reading app, which was only available for iOS devices till now. It was first demoed on Android at the recently concluded Samsung Galaxy S III launch event and is supposed to be a Galaxy S III exclusive for a few months.