I feeling that the UIPickerView of iPhone is good idea and easy to use on touchable mobile phone. I am strange that why Android SDK do not provide the same effect widget ?
I think the spinner would be the android equivalent. It doesn't have the same eye candy, but functionally it would be the same. You could write your own widget to add the eye candy and animations though.
You can use a NumberPicker. Although it has 3 visible fields instead of 7, and it doesn't have 3D effect (it is just a table with some fading out).
FWIW, I was looking for the same thing, and I found this -> http://code.google.com/p/android-wheel. I have not used it yet, but I am thinking about giving it a whirl.