I actually set up a LibGDX project yesterday and ran into several issues. After some googling it was all fixable though but I ended up on stackoverflow to get the answers instead of in the wiki or so.
The issues I had:
Had to get the Android SDK and GWT plugin (of the correct eclipse version, accidentally downloading the wrong version broke my eclipse :))
Had to set up the Android emulator (as I don’t have an android phone)
Had to run a few “Quick fix” to solve some dependency issues
Had to rename the class in the Application project as it had the same name as the class in my game project
All in all it went okay and if you cannot google yourself to solve these kind of issues it will probably be quite hard to create a game. Maybe add a troubleshooting section to the wiki?
Mike