AVD Emulator, "Unfortunately, Browser has stopped"
Digging through the logcat, immediately after the com.android.browser activity is launched, I found a "Fatal signal 11 (SIGSEGV)" in vold, the volume daemon that handles storage. Lots of other storage related issues in the log too. So I checked the virtual device settings one more time and noticed that the SD Card size was not specified. I had assumed that the default settings should work, but apparently not. I entered 2 GB for the SD Card, restarted the emulator, and the browser works fine now.