For Android Java, you could use the layout designer, thought it's probably not what you're looking for (I thought I'd have to mention it). If you're looking for an instant preview, you have to be willing to change your current development environment and language.
Currently, Unity and/or Chaos Project can give you pretty good previews. That's probably what you saw for MineCraft.
There is also HTML/Phone Gap/Cordova that can be previewed on Node.js (either on the browser, or on a Node.js instance on the phone itself).
And there is Android App Inventor, which gives you an awesome real-time preview, but which unfortunately was written in Scheme/LISP, so it can not easily be extended using other languages.
If you're just looking to speed up your save and compile cycle in Java, I'd recommend you switch to Android Studio (instead of Eclipse ADT), and only download updates from Android Studio's Stable Channel. Once properly set up, Android Studio will save you time (however, it still won't give you anything like a real-time preview, but I still highly recommend that IDE).