Just to add to the question, here is my vmare-vmfusion.log. I see a lot of "invalid", "cannot load", and "could not open".

Feb 27 11:05:18.438: vmfusion| Log for VMware Fusion pid=363 version=1.1.1 build=build-72241 option=Release
Feb 27 11:05:18.439: vmfusion| Hostname=usorsrohogan3.us.deloitte.com
Feb 27 11:05:18.439: vmfusion| Using log file /Users/marcopapa/Library/Logs/VMware Fusion/vmware-vmfusion.log
Feb 27 11:05:18.470: vmfusion| Msg_Reset:
Feb 27 11:05:18.470: vmfusion| http://msg.dictionary.load.statFailed Unable to get information about file "/Library/Application Support/VMware Fusion/messages/en/vmware.vmsg": No such file or directory.
Feb 27 11:05:18.470: vmfusion|

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Feb 27 11:05:18.470: vmfusion| Cannot load message dictionary "/Library/Application Support/VMware Fusion/messages/en/vmware.vmsg".
Feb 27 11:05:18.715: vmfusion| UUID: Unable to open /dev/mem: No such file or directory
Feb 27 11:05:18.842: vmfusion| Msg_Reset:
Feb 27 11:05:18.842: vmfusion| http://msg.dictionary.load.statFailed Unable to get information about file "/Library/Application Support/VMware Fusion/messages/en/tip_list.vmsg": No such file or directory.
Feb 27 11:05:18.842: vmfusion|

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Feb 27 11:05:18.842: vmfusion| Cannot load message dictionary "/Library/Application Support/VMware Fusion/messages/en/tip_list.vmsg".
Feb 27 11:05:18.864: vmfusion| XXXMACOS: Implement HostDeviceInfo_FindHostSoundDevices
Feb 27 11:05:18.870: vmfusion| Could not open /proc/net/dev
Feb 27 11:05:18.870: vmfusion| SGMAC: XXX: SGHostEnumerate not yet implemented
Feb 27 11:05:18.871: vmfusion| SMBIOS: can't open /dev/mem: Could not find the file
Feb 27 11:05:18.871: vmfusion| VmhsHostInfoPopulateSystem: Could not get information from smbios to populate VMDB.
Feb 27 11:05:18.871: vmfusion| UUID: Unable to open /dev/mem: No such file or directory
Feb 27 11:05:18.872: vmfusion| HOSTINFO: Seeing Intel CPU, numCoresPerCPU 2 numThreadsPerCore 1.
Feb 27 11:05:18.872: vmfusion| HOSTINFO: This machine has 1 physical CPUS, 2 total cores, and 2 logical CPUs.
Feb 27 11:05:19.030: vmfusion| Foundry Init: setting up global state (0 threads)
Feb 27 11:05:19.037: vmfusion| Foundry Init: version 2, hostType 1, hostName (null), hostPort 0, options 0x203
Feb 27 11:05:19.420: vmfusion| Checking for updates using URL http://www.vmware.com/info?id=495...
Feb 27 11:05:20.047: vmfusion| Update check succeeded. No updates needed.
Feb 27 11:05:28.031: | UUID: Unable to open /dev/mem: No such file or directory
Feb 27 11:05:28.033: | Reloading config state: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 11:05:28.296: vmfusion| readlink /var/run/vmware/f435dab04a1e932574fcf7d3b0741874: No such file or directory
Feb 27 11:05:28.300: vmfusion| readlink /var/run/vmware/%2fUsers%2fmarcopapa%2fDocuments%2fVirtual%20Machines%2elocalized%2fWindows%20XP%20Home%20Edition%2evmwarevm%2fWindows%20XP%20Home%20Edition%2evmx: No such file or directory
Feb 27 11:05:28.850: vmfusion| VMHSVMCbPower: Setting state of VM /vm/#505fd992d3daa7a9/ to powerOn with option soft
Feb 27 11:05:28.851: vmfusion| VMHS: Exec()'ing /Library/Application Support/VMware Fusion/vmx/Contents/MacOS/vmware-vmx, /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 11:05:29.277: vmfusion| Mounting virtual machine paths on connection: /db/connection/#8c/, /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 11:05:29.302: vmfusion| Mount VM completion for vm: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 11:05:29.303: vmfusion| Mount VM Complete: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx, Return code: OK
Feb 27 11:05:31.436: vmfusion| VMX status has been set for vm: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 11:05:31.436: vmfusion| Disconnect check in progress: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 11:05:31.436: vmfusion| Disconnect check in progress: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:24:42.177: vmfusion| Disconnect check in progress: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:24:42.177: vmfusion| Unmounting the vm: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:24:42.177: vmfusion| Unmounting VM complete: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:24:42.406: vmfusion| Mount state values have changed: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:24:42.407: vmfusion| Reloading config state: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:24:56.044: vmfusion| VMHSVMCbPower: Setting state of VM /vm/#505fd992d3daa7a9/ to powerOn with option soft
Feb 27 14:24:56.044: vmfusion| VMHS: Exec()'ing /Library/Application Support/VMware Fusion/vmx/Contents/MacOS/vmware-vmx, /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:24:56.239: vmfusion| Mounting virtual machine paths on connection: /db/connection/#2fe/, /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:24:56.266: vmfusion| Mount VM completion for vm: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:24:56.267: vmfusion| Mount VM Complete: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx, Return code: OK
Feb 27 14:24:57.560: vmfusion| VMX status has been set for vm: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:24:57.560: vmfusion| Disconnect check in progress: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:24:57.560: vmfusion| Disconnect check in progress: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:37:59.769: vmfusion| Vmdb error -20 sending asynchronous update in VmdbCnxRecvStatus
Feb 27 14:37:59.769: vmfusion| VmdbCnxRecvSection failed: STATUS (-20) Stale data
Feb 27 14:37:59.859: vmfusion| Disconnect check in progress: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:37:59.859: vmfusion| Unmounting the vm: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:37:59.859: vmfusion| Unmounting VM complete: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:38:00.146: vmfusion| Mount state values have changed: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:38:00.147: vmfusion| Reloading config state: /Users/marcopapa/Documents/Virtual Machines.localized/Windows XP Home Edition.vmwarevm/Windows XP Home Edition.vmx
Feb 27 14:38:05.336: vmfusion| HardwareVersion::SetHardwareVersion: Invalid HW version: 1.
Feb 27 14:38:05.336: vmfusion| HardwareVersion::SetHardwareVersion: Invalid HW version: 1.
Feb 27 14:38:05.443: vmfusion| HardwareVersion::SetHardwareVersion: Invalid HW version: 1.
Feb 27 14:38:05.443: vmfusion| HardwareVersion::GetVMMaxMemory: Invalid HW version: 1.
Feb 27 14:38:05.444: vmfusion| HardwareVersion::SetHardwareVersion: Invalid HW version: 1.
Feb 27 14:38:05.444: vmfusion| HardwareVersion::GetVMMaxMemory: Invalid HW version: 1.
Feb 27 14:38:05.444: vmfusion| HardwareVersion::SetHardwareVersion: Invalid HW version: 1.
Feb 27 14:38:05.444: vmfusion| HardwareVersion::GetVMMaxMemory: Invalid HW version: 1.
Feb 27 14:38:05.444: vmfusion| AIOMGR-S : stat o=880 r=1760 w=2 i=0 br=5857280 bw=1024