Re: Android-22 Error Loading SDK
Found this accepted solution on Stack Overflow:
The solution to above problem is to just delete(uninstall) the package Android Wear ARM EABI v7a system image available under Android 5.1.1 (API 22) if it's installed. (No need to uninstall whole 5.1.1 package). May be there is some eclipse bug with this package.
(Sorry, I'm not allowed to post links...)