You live in the Bay area?
Up here in Mass, I tend to see Android devices being carried by unpleasant, street hoodlum types, which I guess to be a consequence of and reinforce the "iPhone knockoff" image associated with them.
I see this got into the negative, so let me upvote and point out that this is totally expected.
This is exactly how it was with the Danger handsets 5-7 years ago, simply because they were great for power-texters, had a camera and were way, way cheaper than BlackBerries. And yes, as a result they were great for conducting street business -- don't be all shocked if that's true of Loopt as well.
Second, in my experience, people react to it with a "So you're a DIY-er, huh?" That is, people are aware, however vaguely, of the opensource/hacker vibe that the brand carries. I'm not sure if that's what you meant by "what it says as a lifestyle accesory," but I think it is.
(Btw, you had your +1 at "Jay-Z mentions...")