Google just took the wraps off of its new movie rental service for Android devices. Movies rentals will start at $1.99 and users can download their favorite films directly from Android Market. There’s a 30-day rental period and you’ll have 24 hours to complete watching your movie once you’ve started playing it. Google will release separate movie applications for phones and for tablets, and both apps allow users to stream live from the cloud to a device. Movies can also be stored locally for offline playback. There are “thousands” of movies available at http://market.Android.com for those with the XOOM and today’s Android 3.1 update. The service will be available on Android 2.2 devices in a couple of weeks.