EasyVMX! is the simple and failsafe way to create complete virtual machines for VMware Player on the web. You can install any Windows, Linux, BSD or Solaris, and test LiveCDs in a safe environment.
Simply use EasyVMX 2.0 and enter the configuration you need, click "create" and you have a .zip file containing your new virtual machine ready for download - it's awesome! :-)
You might aslso want to check out this VMware Mount Utility