I gave VMware Workstation a shot...it failed as well. Someone in another forum said it worked without a patch on FC18....it didn't work any better for me though. So next I tried open-vm-tools. It works but doesn't mount at boot.
I followed someones advice and added:
mount -t vmhgfs .host:/ /mnt/hgfs
to the bottom line of /etc/init.d/open-vm-tools. Seems to work.
Seems a bit odd that the open source version is more up to date than the proprietary version : \
Oh well maybe now when i update my kernel I wont have to recompile tools I can just get a newer one from the repo.