I have created an Android 4.0 AVD. When I start the AVD and go to run my app, there is a red "X" next to the 4.0 AVD. When I choose that AVD, it does not install the app.
In my AndroidManifest.xml, I have <uses-sdk android:minSdkVersion="8" android:targetSdkVersion="16"/>
, which I think should be fine for a 4.0 device (SKD 16 is 4.1)
Here's a screen shot of the Android Device Chooser