Details:

If you plan to use Windows 7 or Windows 2008 R2 as a guest operating system, do not use the SVGA drivers included with VMware Tools. Use the standard SVGA driver instead.

Symptoms:

Freeze

Hanging Console

High CPU

Reboots

Solution:

To deselect the SVGA drivers installed with VMware Tools:

1. When you install VMware Tools, select VMware Tools Custom Install and deselect the SVGA driver.

Alternatively, remove the SVGA driver from the Device Manager after installing VMware Tools

Product Versions:

VMware ESX 4.0.x

VMware ESXi 4.0.x Installable

Source: KB 1011709