P2V saved my small donkey many years ago when a w2k machine that ran some expensive CAD software had a failing motherboard, and that allowed me to rescue the working machine without the pain of installing from scratch and having to get the licensing codes, etc, for a now-obsolete bit of software updated.
But vmware has a long history of starting with fantastically skilled employees creating the VM tools and then sliding in to crap software with stuff like the Swiss cheese vCentre that, at one point, was so utterly shit it needed a specific version of flash to manage it, and said version was not available for Linux!