If you’re looking for the folder through the Finder you’ll find it in Applications>Android Apps.
Clicking on any of the apps will start up the app emulator for you. When you download and install App Player, the program sticks an Android apps folder in your dock for easy access. Bluestacks does not specify any system requirements on its site, but in my tests App Player for Mac worked just fine on a MacBook running Mac OS X 10.6, Snow Leopard.
Mac users can now run Android apps on their desktop thanks to App Player from Bluestacks, an Android emulation platform that is available as an alpha version for OS X.