Several current smartphones have NFC chips including the Samsung's Google-branded Nexus S 4G and more are expected to include it in the coming months and years.
The first, and perhaps most significant, use of NFC will be enabling mobile phones to serve as "virtual credit cards", especially for small amounts that don't require a signature. The range of potential applications is much greater and will no doubt evolve as mobile NFC-enabled devices become ubiquitous.
Buying something at the CVS (OK, … it was candy) this way was fun. My phone made satisfying noises as it talked to CVS's payment station and the clerk, who had not had anyone use a NFC device, was properly mystified. Using it was marginally easier than swiping a credit card, but maybe even a small amount of increased convenience is worth it for such an everyday transaction.
One limitation of Google Wallet is that it currently only works with Sprint on a Nexus S 4G and with either a Citi® MasterCard® card or a Google Prepaid Card. You can load money into the latter with most any credit card and Google will get you started by adding $10 to it as an incentive.
By the way, for what it’s worth, I only recently realized that the robots in Philip K. Dick’s novel “Do Androids Dream of Electric Sheep?” were called androids and the dangerously independent new model was the Nexus-6, developed by designed by the Tyrell Corporation.