Note that while performance is good, as might be expected it's generally a little less good than on PC. As long as you're not doing anything outlandish it should be fine though, and it's been steadily improving all the time.
The most significant other issue -- and it's not really a Construct 2 specific problem, but rather an issue with any Android development -- is that performance and available features vary greatly between handsets, but if you're interested in a specific model as described this shouldn't be a major issue for you.
Other than that the process is just a little bit fiddly due to the multiple steps, but nothing prohibitively difficult. <img src="smileys/smiley1.gif" border="0" align="middle" />