I have a small Sony Vaio P, which is very pretty but seeks for new tasks in my humble home. So in terms of diving deeper into Android, I started taking a closer look at the Android X86 project. I tried to run the image in virtualbox and qemu/kvm.
For kvm, you can do something like this:
kvm -cdrom vm.iso -m 512 -boot d -net nic,model=e1000 -net user -vga std
I also managed after finding the right set of development libraries (I basically downgraded everything to gcc-4.4 and the oldest libc) to compile the vm-android target myself.
Sadly the s5-target, which should support the poulsbo (graphicchip on lots of Atom netbooks, making running Linux there not much fun), fails to compile. Maybe I will try a strip-down ubuntu 10.10 with a kvm on it - it looks like as newer atoms would support hardware virtualization.