Am pretty sure you will need virtulization enabled if you wish to use VMWARE
I was thinking so too, but here is what GB say in the user manual: "Virtualization allows a platform to run multiple operating systems and applications in independent partitions"
What does it mean independent partitions? I have only one partition, and the virtual OS is represented on a single file.
Also, I would guess that such BIOS flag would enable duplicated hardware that supports virtual OS. I have no idea if this is true, or what is the risk of this flag. In other flag: what happen when I set it?