I was so happy today that I have been finally able to install Windows Phone 8 SDK and try it a bit. I installed fresh new installation of Windows 8 Pro into my virtual machi
I ran into the same issue and I fixed it by enabling Hypervisor applications in this virtual machine and adding the following line to the .vmx file:
hypervisor.cpuid.v0 = "FALSE"
This got the emulator working just fine. I found this answer here.
Hope this helps.