I have looked at it, but I haven't given it the amount of time that I have given Eclipse. I just ran into too many bugs that revolved around its interaction with the emulator.
Hmm.. Intellij's been working fine with the Android emulator for me. What kind of problems are you running into?
That was actually one of the main things that caused me to look for alternatives to Eclipse, is that I kept running into weird bugs where Eclipse would refuse to re-build my project. :-(