I just set up Win 95 and I've got networking.

There should be nothing you need to do with the Virtual Network Editor. 

Make sure your VM is set up for compatibility with Workstation 5.x. You can verify this in the .vmx file. The config.version entry should be "8", and the virtualHW.version should be "4"..

In the Windows 95 VM, you should see an AMD PCnet network adapter if you've done everything correct. The information on adding the TCP/IP protocol contained in the article I posted earlier worked fine for me.

Just beware that Internet Explorer in all likelihood will NOT be able to connect to many web sites. Windows 95 doesn't support the more secure ciphers that these web sites are expecting. Improved security on the Internet means that Windows 95 has been left behind, unfortunately.

*Edit* - corrected the virtual hardware version that should be found in the .vmx file when choosing Workstation 5.x compatibility