Many people has problems with the Google TV Emulator because it hangs up booting at the Google TV logo. The problem is that it only works with specific device configurations and resolutions.
First you need to install the “GoogleTV Emulation Addon” using the Android SDK Manager. Then, create a new “Device Definition” (notice the new “Device Definition” tab at the top of the Android Virtual Device Manager in the lasts Android SDKs).
When prompted for the device definition parameters you must enter:
This setup is for a 720p resolution, for a 1080p you must change the resolution to 1920×1080 and the density from tvdpi to xhdpi. Once the device definition is created, the next step is to create a new Android Virtual Device using it:
Et voilà, our Google Tv emulator is up and running: