Have you actually created an emulator using the AVD manager?
Try this:
It just sounds like you are telling Eclipse to use an AVD that you don't actually have.
your console output should look more like this:
[2011-05-29 02:11:51 - Environics] Android Launch!
[2011-05-29 02:11:51 - Environics] adb is running normally.
[2011-05-29 02:11:51 - Environics] Performing com.Environics.MainView activity launch
[2011-05-29 02:11:51 - Environics] Automatic Target Mode: Several compatible targets. Please select a target device.
[2011-05-29 02:11:54 - Environics] Uploading Environics.apk onto device 'emulator-5554'
[2011-05-29 02:11:54 - Environics] Installing Environics.apk...
[2011-05-29 02:12:11 - Environics] Success!
[2011-05-29 02:12:11 - Environics] Starting activity com.Environics.MainView on device emulator-5554
And to find installed applications you want to open the Application Drawer,
That will open a window,
that is all of the installed applications, to run one just click one.