You can search for the vmware-any-any patch on Google and see if that works, but it hasn't been updated in 9 months, I think. May not work for that kernel. Any reason you need/want to run the latest Debian O/S on your host? I'd run a "stable" O/S on the host and leave the cutting edge O/S for the guest.
Actually there is a new version of the patch, available here : http://groups.google.com/group/vmkernelnewbies/files
Even though this patch gets the vmware server to work, we end up facing other problems when trying to power on the virtual machine created. So, the best solution available now is gowngrading the kernel's version
here is the tutorial for the latest kernel: http://groups.google.com/group/vmkernelnewbies/web/how-to-install-vmware-in-2-6-26-linux-kernel
I thought I had it working with the .d patch but it looks like a kernel recompile is required with that too.