Can you please help to fix
while starting VMware 3.1.4 on newly installed kernel
2.6.40-4.fc15.x86_64. Its keep failing with below.
There was a patch released for kernel 2.6.39.fc15.x86_64 but this did not work for me with kernel 2.6.40-4.fc15.x86_64 which has now been rebranded kernel 3.0. I believe there is a new release of vmware-workstation that works with kernel 3.0 but so far there is no new version of vmware-player. I have spent considerable time to work my way through the compile errors, and am close, but still have a few to go. Even then there is no guarantee that this edited code will work. A new release of vmware-player for kernel 3.0 is the best solution if you can wait.
See this thread for a patch that will compile vmware-player with the 40-4 kernel.