There are issues with Android and M3U8 natively - http://www.jwplayer.com/blog/the-pain-of-live-streaming-on-android/
However, I have a small work around you can use for this, check the code below:
<!DOCTYPE html>
<script src="http://p.jwpcdn.com/6/8/jwplayer.js"></script>
<center><div id='container'></div></center>
<script>
if (navigator.userAgent.match(/android/i) != null){
jwplayer("container").setup({
file: "http://playertest.longtailvideo.com/adaptive/bbbfull/bbbfull.m3u8",
type: "mp4",
primary: "html5"
});
} else {
jwplayer("container").setup({
playlist: [{
image: "http://content.bitsontherun.com/thumbs/gSzpo2wh-480.jpg",
sources: [{
file: "http://content.jwplatform.com/manifests/s8BPzDe0.smil"
},{
file: "http://playertest.longtailvideo.com/adaptive/bbbfull/bbbfull.m3u8"
}]
}],
primary: "flash"
});
}
</script>