My laptop supports hardware virtualization (AMD SVM) and I know that:
Natural question follows: can I combine the two (Android+KVM) to get improved performance in the emulator?
Yes, you can. Just download the appropriate Intel atom CPU packages in the Android SDK and have your AVD use an Intel atom CPU architecture. The android emulator can even use the host gpu. Here is a link on how to do it:
http://developer.android.com/tools/devices/emulator.html#acceleration