Can anyone please confirm if android development is not yet supported on windows 7 x64? I downloaded the sdk, but when I tried to launch the sdk and avd manager it fails to
As one of the comments indicated its C:\android-sdk-windows\tools\lib\find_java.exe and find_java.bat to blame. I have Win7-64bit, no 32bit JavaJRE/JDK installs, one jre7 64bit install. Find_java.bat+exe tool cannot find proper path to 64bit version. I guess you're fine if only 32bit JRE was installed (did not try this).
If you don't want to mess with Control Panel's environment prefs you could create two batch scripts to run AVD and SDK Manager.
C:\android-sdk-windows\AVD Manager.bat
set PATH=C:\Program Files\Java\jre7\bin;%PATH%
"AVD Manager.exe"
C:\android-sdk-windows\SDK Manager.bat
set PATH=C:\Program Files\Java\jre7\bin;%PATH%
"SDK Manager.exe"
This problem and fix was tested on Win7-64bit/Android SDK Tools 20.0.3/Android SDK Platform-tools 14 releases.