I tried it in a VirtualBox. Runs smoother than the emulator from the Android Development Kit, but still a bit sluggish. I'll give it another try on my netbook.
Which image did you boot from? I'm trying to run this within qemu, but I never managed to get network working.
The android emulator works fine and running any linux distro inside qemu likewise.
I'm using something like this:
kvm -soundhw es1370 -net nic -net user \
-cdrom android-x86-2.2-r2-asus_laptop.iso
and when pressing ctrl-alt-2 i get:
QEMU 0.14.0 monitor - type 'help' for more information
(qemu) info network
VLAN 0 devices:
user.0: net=10.0.2.0, restricted=n
rtl8139.0: model=rtl8139,macaddr=52:54:00:12:34:56
Devices not on any VLAN:
(qemu)
but network doesn't work and I'm unable to change the network settings from the android configuration menu.