(warning: early beta!)
Link Shrink is a URL shortening tool that's tightly integrated into the Android OS.
Choose "Share Page" in a web browser, news reader, file manager, etc and you'll be able to shrink a link before sharing it back out or copying to the system clipboard.
Currently only supports bit.ly.
Tags: link shrink tool , bit ly link , linkshrink , bitly shrink link , link shrink , url link , how link shrink works , shrink bit link , bitly