I'm writing a simple tool, so you don't need to access the command-line for all the emulator command-line operations. So you can change the network speed, network latency, send a sms, ... All with an easy to use gui.
I'm still writing this tool, but it's already usefull (atleast for me it was ).
Check it out: http://code.google.com/p/androidemulatortool/
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