I found information about Google Googling that can help launch the device in Android Player. I have version 0.6.5 of the player.
Open VirtualBox directly as suggested by Cook Data. You will receive a REAL error message that could be related to vt-ix ....
Make sure the BIOS has enabled aka vt-ix virtual technology. Just reboot and you should find it in bios setup - perhaps under advanced. AMD and INTEL have slightly different names.
Reduce the system memory of the device you want to start with 1024 MB if it is currently 2048 MB
I also received a warning about video memory, which I increased to 10 MB from 8 MB
My setup is working on Hyper-V, which has its drawbacks, so YMMV and I just started this work today ...
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