the emulator takes awhile to load.. and being that you are actually seeing "Android" then it probably is taking forever to load..
how usually it works is first it will show a courier font "Android".. then switch to the "Tronish" looking font. Then finally you will get a lock screen. This could take up to 3-5 minutes depending on your set up.. Eclipse is really a beast when it comes to emulators.
I would suggest checking the DDMS debugger.. See if there are system messages being sent to the Emulator.. You should see it loading up all the libraries.
Honestly though your best bet is to just test on your device.. It's click, load, watch.. click, load, watch. makes development go a whole lot faster!