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Aside from the computer made out of meat, Lookout can do a lot. I used to have it on my OG Droid, but stopped using it as it scanned after an app was installed and the weekly email reports would say that it stopped a virus, but didn't say what it was or where it came from. Not much help in preventing it from happening again.
Lookout is both free and Premium. Premium has more features, but costs $2.99/mo (or $29.95/year). Other biggies are avast! Mobile Security and Norton (available in both free and $29.95/year versions).