Making application icons which would fit in style of the original icons on Android isn't at all easy. I've found it's easiest to model icon in 3D and render it. In the best interest of aesthetically-sensitive android users worldwide, I'm making available this android application icon template you can use to make your new beautiful icon.
It's got the camera, lights and whatnot setup just the proper way. It's still a little bit off the original icons—the shadow could be softer, for instance—but works good enough for me after some time struggling with blender's clunky interface. If you can fix it, great—the drop has guest upload enabled, so feel free to share your improved version.