Windows Phone 8 emulater in VMWare

Add these three lines to the vmx file of the virtual machine:

hypervisor.cpuid.v0 = FALSE
vhv.enable = TRUE

mce.enable = TRUE

Settings -> CPU and memory -> Advanced: checked "Enable hypervisor applications in this  virtual machine"

Settings -> CPU and memory: make sure 2 Cores (or more?) are assigned to the Virutla machine

Settings -> Advanced: Preferred virtualizationn engine: Intel VT-x with EPT

VMWare Documentation
Reference