I have published two apps tonight to the android market. Compass Widget ($0.99) and Compass Widget Lite (free). I appreciate anyone that wants to try out the free one and provide me with feedback. I tested it on a Magic and on a G1.
The application is a 1 x 1 compass widget for the home screen. The free version gives you a text direction, like N/W along with the degrees. If you tap the icon you can pull up a config screen and select a color. You can also see some images there of what the full version offers.
The full version has 4 additional compasses to choose from that are various types of arrows that will rotate as the compass moves.
I'm super excited about publishing my first app out there and got a solid amount of help from this great site!