Could Android Save Motorola?

g1v22 Motorola -– not HTC — is being tapped by carrier T-Mobile to produce an updated version of the G1, according to the Boy Genius Report. In a leaked product photo obtained by the BGR site (pictured), the G1 v2 — unlike the HTC-made G1 — sports easily recognizable Motorola styling.

Being picked by T-Mobile would be just what Motorola needs to finally get back in the game; it’s seen its wireless market share tumble to 6 percent from 18 percent a couple years ago and its revenue fall 45 percent to $1.8 billion in the latest quarterly period. Such a win could also provide a welcome diversion from the drumbeat over its legal skirmish with former CFO Paul Liska.

And adoption of Android (s goog) is expected to rise 900 percent in 2009, according to a report out today from telecom analysts at Strategy Analytics, far outstripping the 79 percent gain for the iPhone. T-Mobile USA CTO Cole Brodman, meanwhile, in an interview with Om ranked Android alongside the BlackBerry as one of “two significant partnership bets” the carrier will make.

Motorola is still trying to revisit the short-lived glory days brought on by its RAZR line of handsets. To that end, in 2008, it cut loose its handset unit altogether. Shifting to Android will be a tricky balancing act, or as Om put it, akin to “climbing Mount Everest without an oxygen tank.”

But if they can pull it off, it will take them to the top.