I\'m just wondering because I have my own seperate method of getting it on my phone via my web server and the emulator is getting annoying popping up every time.
I had a problem that it would not build an APK for me (without Running) after I installed the latest SDK and latest Eclipse (Indigo 371).
Try this:
Go to Windows -> Preferences -> Android -> Build and uncheck "Skip packaging and dexing until export or launch" then restart Eclipse.
Now when you do Build Project you should get an APK