Well, yes and no. From what I understand, Microsoft has been willing in the past to license their PlayReady DRM for use in embedded devices (which phones are). Will they be willing to license for Moonlight on Android? Who knows, but it's not a for-sure "no" yet. Of course, it's also not a "yes" either ;-)
AFAIK, we haven't even talked to them about it yet... this was kind of a last-minute hack for Mix11.