Well, some geeky German developer named Valcho has made this easy for us by extracting the .APK off the one installed in the Samsung Galaxy S III using Airdroid. And that’s the short story of how we are nolonger going to wait for flipboard. He posted it on XDA Forums and provided a QR code link to make it easy to get the link on phone. I have since installed it on my Samsung Galaxy S II and it works fine. Will install it on smaller screen devices like the Galaxy Y duos and the Galaxy Y pro duos which is a 2.6 inch screen and see how this pans out.
Till then, here is the download link for those willing to get it on their droids.
[UPDATED] with devices where the app is confirmed to be working.
The .apk is working perfectly on xperia arc S according to a comment here, works perfectly on the Galaxy Note N7000, the Nexus one too but crashes on the Xperia Ray. It works on Galaxy Y Pro Duos but only on landscape mode, see image below. Tell us in the comments if it works on yours.