Google has confirmed the upcoming Android 2.2 Froyo at the Google I/O today. The new version promises to bring 2-5x faster CPU performance with its new Dalvik JIT compiler. Using the Android 2.2, you will be able to install application to your SD card storage. Android 2.2 also brings new Exchange capabilities such as calendar sync, remote wipe and improved security. Watch the video presentation after the jump to get more details.