Until the plane is rebuild, hardware side will have to wait. Which leaves just enough time to work on the software a little.
Now on the market, straight from this project: rrTimeLapse
For all your time lapsing photography needs. As of now it supports resolution selection, start/stop timer or continuous shooting, amount of lapse time and auto focus selection. And it can do all that in the background, enabling use of other applications simultaneously.
Posted as Open Source, you can find it here:
Or on the Android Market here:
P.S. If you find it useful, let me know!