Google said themselves that they have been using Bouncer for 6 months (more or less) and they reduced the amount of malware on Android Market by 40% (or something like that) meaning half of the malware still passed the Bouncer and was available on Market (and they had 6 months to perfect the algorithms etc) before the Bouncer was officially introduced (afaik). Malware creators will now focus on bypassing the Bouncer to push their software to the Market imho.
Filip