Acording to console "[2012-04-29 12:34:58 - Emulator] NAND: nand_dev_load_disk_state, restore failed: size required (705531195755904229) exceeds device limit (69206016)"
"[2012-04-29 12:34:58 - Emulator] savevm: unable to load section nand_dev"
[2012-04-29 12:36:35 - calc] emulator-5554 disconnected! Cancelling 'my.calc.CalcActivity activity launch'!
Close your eclipse and AVD both if needed create new AVD with different API and start again everything will be fine.
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