Yes, I had an emulator boot time of 5-10 minutes.
Tip
When you edit your AVD, it is possible to take a snapshot . This happens when you close the AVD, it takes a picture and opens it next time, bypassing the download.
Edit 1/9/2014
I recently returned to Android development, and now I'm using Genymotion to run my emulators. It is based on VirtualBox - it works incredibly fast. I have not tried using the Android emulator for many years, so I canβt say faster or faster. I know that my emulators start almost instantly now and are not slow and do not work as before.
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