So you want to use a Google TV emulator to develop Android applications. Many people having problems using the Google TV emulator because it hangs during booting (only showing the Google TV logo).
The problem is that it only works with specific device configurations and resolutions.
This setup is for a 720p resolution, for a 1080p you must change the resolution to 1920×1080 and the density from tvdpito xhdpi. Once the device definition is created, the next step is to create a new Android Virtual Device using it: