Didnt realize there are some guys porting the Android source to the x86 platform. You can install it (but it targets Asus EEE hardware) or just run it in a Virtualbox. Find out by yourself and download the iso images here. Not sure how close the port is to the real thing, but the current unstable release covers Froyo ! I will also try to put it on a USB stick and try to start it on the new Asus EEE T101MT.
Android X86 in Virtualbox
Android X86 in Virtualbox
Did you know how unblock this screen ??