I upgraded my windows and reinstalled Android studio 0.3.2. I am using windows8.1 Pro now and installed java x64, I also did set up JAVA_HOME
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I hope this answer can be a reference for new comer!
I got same issue and I stuck for this error!
Finally I got solution here!
After I explore the error detail, I got message that there are issue with NDK. Try to disable NDK or add the following code in your gradle.build
packagingOptions{
doNotStrip '*/mips/*.so'
doNotStrip '*/mips64/*.so'
}