Android is enhancing its accessibility features with new color contrast settings that allow users to adjust the contrast levels of text, buttons, and icons within applications. These settings include options for 'default', 'medium', 'high' contrast levels, and a 'maximize text contrast' option for optimal readability. The settings also come with a preview feature for users to visualize adjustments before applying them. These new features are expected to debut in the forthcoming Android 15 release.