I would say Android (Google) is acting more like a media company in this case, and since media companies main profit source is advertising, and google's main profit source is advertising, it makes sense. Media companies (NBC, Viacom, techcrunch.com) give away free content in order to attract viewers, then they turn around and sell these viewers to advertisers, thus generating profit only for themselves. You wouldn't say that NBC/ABC/CBS have predatory pricing over HBO just because their content is free, and available over the air.
Remember, Google is an advertising company, their primary goal is finding ways to drive advertising, Android is a good way to do that. If that means smartphones are cheaper and thus available to more people, I think that is a good thing, not predatory.
The problem with predatory pricing isn't that they're giving it away, it's that once they've established monopoly, they can change more for it, or restrict access, etc. With android that's just not possible.
Also, technically Android is the property of the Open Handset Alliance, it's just that google does most of the development, especially of big features.