After updating to the latest ADT version on Eclipse Juno, Windows 7, I got the following error:
Error Loading the SDK:
Error: Error parsing the sdk.
Failed to create C:\Program Files (x86)\Android\android-sdk\build-tools
Solution: To my best of understanding the ADT plugin is trying to change files in location the current user can't. I'm sure there are better solutions, but this is the quickest:
1. Go to folder 'C:\Program Files (x86)\Android\'
2. Right click on 'android-sdk' => 'Properties' => 'Security'
3. Click on 'Users' and then 'Edit', and add 'Full Control' and hit 'OK'
After Windows finish changing the permissions, restart Eclipse.