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You will find that downloading and installing happens very quickly on the simulated device. It shouldn't take too long even on a slower connection, but hold on. Once they are done, we can get started in tweaking the simulated GPS and therefore your check-in location on Facebook or Twitter.
Please read the disclaimer! You can find this and more, including the explanation - as well as the pro's and con's of using spoofed geolocation on the ZDNet iGeneration blog.