Update your Android Tools: Even if it starts and loads the home screen, it is very sluggish. But it, Genymotion is not free anymore(As it was when I used it last time),Not sure if this is still the best choice for developers. That will save emulator state, and it will start the emulator quickly on the next boot. The main choking point is rendering since it's not running on any dedicated hardware but it's actually being performed through software rendering.
Intel released recommended installation instructions for the ICS emulator on May 15, 2012.
