Of course, only after you patch the installation. :) I can't remember when was the last time Workstation run without patching, that was really long long time ago. Maybe it's Linus' fault, he moves too fast, who can tell... :)
Also, you won't be able to compile and run the 2.6.37 kernel with the legacy BKL (Big Kernel Lock) disabled, Workstation still depends on lock_kernel() and unlock_kernel() primitives. Let's hope VMware fixes that in their next revision.