I have a celeron processor :/ and android emulator on eclipse uses 100% of cpu and hangs everything unless I kill it . I was just trying a hello android program from a book
One alternative that worths mentioning is Genymotion. It's an android emulator based on VirtualBox, with pre-created images. It supports some features the stock Android emulator isn't very good at, like Wifi 3G, Bluetooth, GPS (with a fancy Google Maps integration, so you don't have to find coordinates manually), multiple screens, etc.
It worth giving it a try at http://www.genymotion.com/