I have just installed Android - studio today. First I have to install jdk7 for this IDE.
After that only I was able to launch IDE.
Now When I am trying to cr
I was having the same problem. I downloaded and installed JDK 6u43 and set my JAVA_HOME and JDK_HOME environment variables to C:\Program Files (x86)\Java\jdk1.6.0_43. This let me create a project.
Doesn't help if you want to use jdk7, though.