I've attached a workaround I whipped up when I got bit by this.

untar, and run "make" in the "fixvmxe" directory.  Then run "./go.sh".

If you have an AMD CPU, you'll have to edit go.sh to change references
to "kvm_intel" to "kvm_amd".

** Attachment added: "fixvmxe.tar.gz"
   http://launchpadlibrarian.net/18655319/fixvmxe.tar.gz

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kvm prevents running vmware player without rebooting
https://bugs.launchpad.net/bugs/252871
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