안드로이드 개발자 사이트에 SDK Tool이 업버전되었네요 

나름 관심이 가는 부분은 한글(UTF-8)이 LogCat에 출력된다는 것이네요.
업버전 해봤는데 나름 잘 동작하네요.
logcat.JPG
General notes:
  • The default ProGuard configuration, proguard.cfg, now ignores the following classes:
  • Ant lib rules now allow you to override java.encodingjava.source, and java.target properties.
  • The default encoding for the javac Ant task is now UTF-8.
  • The LogCat view in DDMS now properly displays UTF-8 characters.
  • The SDK Manager is more reliable on Windows. For details on the improvements, see the Android Tools Project Site.
  • If you enabled snapshots for an AVD, they are automatically captured. The emulator also now restores to the state when it last closed almost instantly.
  • Fixed the missing JAR file error that prevented draw9patch from running.
  • Fixed the Windows launch scripts hierarchyviewer and ddms to support the new location of adb.
  • Known issues with emulator performance: Because the Android emulator must simulate the ARM instruction set architecture on your computer, emulator performance is slow. We're working hard to resolve the performance issues and it will improve in future releases.