Still a work in progress. Got stuck at:
could not find virtual device when i created my avd. Turns out to be some crap with windows file structure.
solution:
http://groups.google.com/group/android-developers/browse_thread/thread/72292c1ccb2e1bb4/0e83f589301d3f83?lnk=gst&q=emulator%3A+could+not+find+virtual+device#0e83f589301d3f83
more to come if i can ever get this to work at all.
after updating the environment var following the above link - i now get
"An internal error occurred during: "Launching HelloAndroid".
java.lang.NullPointerException"
So far, google android developing sucks.
-bp