This just in from the VMware Communities site:

VMware has made several very significant enhancements to this product. Foremost, you will notice that we have finally added the ability to create Virtual Machines! Additionally, we have designed a new user interface including a library for you to access your recently used VMs. VMware Player now supports installing VMware Tools into your guest operating system to give you all of the powerful features that make it easier to work with a virtual machine including Drag and Drop, Cut and Paste and Unity!

We hope that you enjoy evaluating this VMware Player Release Candidate and we look forward to receiving your feedback.

Feature Highlights:

  • The ability to create Virtual Machines
  • Aero support for Windows 7 and Windows Vista guests!!!
  • OpenGL support for Windows guests (give Google Earth a try!)
  • New User Interface including a Virtual Machine Library
  • Windows 7 support (as a Host and Guest OS)
  • Automatically download and install the latest VMware Tools package
  • Multiple Monitor Support
  • Print from your VM without installing printer drivers. Virtual Printing courtesy of our friends at ThinPrint.
  • ALSA Sound support on Linux hosts enables multiple VMs to play “music” concurrently
  • VIX API support will let our coding fans write applications that can interact with their VMs

Check out the announcement at http://communities.vmware.com/community/beta/player