Hi,
Seems I should have read the full thread ... will move it to Workstation Player discussions after my reply.
The answer is the same as for Workstation Pro discussions though.
First: your assumption is wrong.
The licenses are not tied to hardware physical id's. If a machine dies, you do not have to go and uninstall the existing license. Instead you take the license key that you wrote down for that machine and use it on the machine that replaces it. You only need to record which license you used where and stay within the license boundaries.
VMware Workstation / VMware Player does not use activation servers or similar techniques to enforce their license restrictions. They trust you to do the right thing.
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Wil