Also, on the emulators you don't usually have Sense UI, Motoblur or any other custom crap the manufacturers decide to put on the real phones. At one point I had 10 Android phones for development & testing just to make sure everything runs the same way on all phones
I'm also working on a book (which will be free) with Android tips & tricks for making your apps popular. Following only this book's tips I plan to get to a stable $3-4000/month with 160 work hours - the equivalent of one 8h/day work month.
I am currently on the right track, making $300/month with about 16h of work.