I just released a tiny Qt widgets-based app that makes it more convenient to connect an Android virtual machine to your development environment. Here’s a quick (but possibly not quick enough) demo of configuring it to work with AndroVM and the Eclipse-based ADT Bundle:
I’ve successfully used it with Android-x86 as well. I gotta say that doing development with either of these VMs is much faster and more rewarding than using the emulator that ships with the ADT.
The code is available on my Bitbucket at https://bitbucket.org/mithat/androidvmgr and is licensed under the GPLv3.