I have downloaded latest revision (r14) yesterday. but getting this error while running any application
ERROR: Unknown option \'--no-crunch\'
I think the --no-crunch was dropped from platform-toosl revision 7. aapt (part of platform-tools) revision 8 is needed to use the latest ADT.
I have recently faced this issue.
But it is now solved.
After updating to ADT r14, go to Window -> SDK Manager (in Eclipse)
Now you can run your apps on new ADT r14, without 'crunch' errors.