Found out through Twitter that the Android team by Google will be rolling out Android Device Manager later this month on devices with Android 2.2 or higher.
Locate and ring your misplaced device
If you ended up dropping your phone between those couch cushions, Android Device Manager lets you quickly ring your phone at maximum volume so you can find it, even if it’s been silenced. And in the event that your phone or tablet is out of earshot (say, at that restaurant you left it at last night), you can locate it on a map in real time.
Protecting your personal information and data
While losing your phone can be stressful, Android Device Manager can help you keep your data from ending up in the wrong hands. If your phone can’t be recovered, or has been stolen, you can quickly and securely erase all of the data on your device.
Source : Android’s Official Blog
From the excerpt, it sounds somewhat similar to Apple’s Find My iPhone and I think it is a good move by the Android team. But I doubt it could take photo when stranger enters wrong unlock code (like Cerberus). However, it is still too early to speculate. Let’s hope it is as powerful as Cerberus… or even better!