COOL! 
Given:
[root@localhost ~]# uname -a
Linux localhost.localdomain 2.6.18-194.el5 #1 SMP Mon Mar 29 20:06:41 EDT 2010 i686 i686 i386 GNU/Linux
I guess the recipe should apply directly without further ado. Time to get VMW-C in the Win7 VM that I handily have right next door to the one being moved and see how it turns out.
I'll post back updates along the way.
Thanks bunches!