Just an FYI -- this killed my Virtual Box install the last time i tried it. Uninstalling HAXM fixed it all, but having Virtual Box was more important than the Intel images, so I left it uninstalled.
This issue specifically, and others like it (snapshot management, bugs in the interface to create emulators, such as setting the hw keyboard) really made managing local android emulators a pain for us. We thought we could make the experience better, so we made Manymo.