I'm getting this error when trying to launch the emulator:
[2011-10-21 16:25:02 - Emulator] Failed to allocate memory: 8
[2011-10-21 16:25:02 - Emulator]
[2011-10-21 16:25:02 - Emulator] This application has requested the Runtime to terminate it in an unusual way.
[2011-10-21 16:25:02 - Emulator] Please contact the application's support team for more information.
I tried tinkering with the launch setup without success:
The 4.0 emulator runs just fine. Running on Windows XP.