When I click the 'run as Android application' option, it shows the following error:
[2010-08-16 16:56:35 - Emulator] invalid command-line parameter: http://hostname:port.
[2010-08-16 16:56:35 - Emulator] Hint: use '@foo' to launch a virtual device named 'foo'.
[2010-08-16 16:56:35 - Emulator] please use -help for more information