I am getting this error when I am trying to launch my first Hello World Android application. I am doing the tutorial based on Sams Teach Yourself Android Applicatio
Change the path of the SDK your path to Program Files\Android\android-sdk tools/emulator-arm.exe. Put the SDK directly in the drive, that is, d:\Android\android-sdk-tools\emulator-arm.exe.
Note: also remove spaces from the path by renaming the folder name.