Hello,
I build "HelloWorldLocalized" to .apk file. I try to install in my android phone, but failed. without failure report. Beside this , other sample project also don't work.

I try debug keystore and release keystore。
I try to reform my computer.
my phone is android 2.2, HTC G1
my computer system both window7 and windowXP.
the corona version is 2011.704

I try to install in android SDK simulator ,and get a failuare report:
ade.exe install Helloworldlocalized.apk
61 KB/s (4463232 bytes in 70.900s)
pkg: /data/local/tmp/helloworldlocalized.apk
Failure [INSTALL_FAILED_INVALID_APK]

hi, about your phone maybe an old processor, so try to build with version 2011.377 compatible with arm6.
(this worked forme but with some performance and stability issue)

about install corona apk in android-sdk virtual device, never worked for me.