Its possible to have multiple operating systems on a device. I want to be as realistic as possible, as this would take much programming and would probably be expensive too. Do you think there could possible be a mobile gaming device with the option to select the operating system and play that one? (Not counting the fact that Apple would sue)
Since you couldn't run iOS on a custom device your only option would be running android on an Apple device and I remember someone porting an old Android version to iPhone 3G or 2G but since then both OS's got a lot more complex. If you had a lot of money and could hire a bunch of programmers and could wait till they are finished they could be able to do it on a jailbroken iOS device. But wouldn't make much sense since you could just buy one of each and start playing right away for a lot less money.