OS X86 Project uses a very old version of Android. Pre 2.1 builds. There is nothing from Froyo, Gingerbread, Honeycomb or Ice Cream Sandwich that is part of the Android X86 project and installing Android on a PC using this project should be done with this in mind. It is done with a very insecure and very buggy version of Android and there is no way to force the newer builds onto a PC since it isnt designed to be used with that chip base.
So yes while it can be done, it should be done with caution and knowing you are using a very insecure and non-flash supported version. This may change now that ICS has had its source code released, but to date nothing out there is capable of running on anything but ARM chips and mobile processors.
That being said, as Mahmoud said, Android uses it own specific bootloader which is not part of EasyBCD at this time. There is no way for us to tell you which setting to use cause we dont have support for their boot loader.