I created the attached policy to make VMWare Server 1.0.4 work for me in my F8 environment (I upgraded from F7).
See attached ZIP file. Unzip to a directory and run the *.sh script file as root. You should be all set. If you want to remove the policy, run the SELinux Management tool under 'System Tools', click 'Policy Module', click vmware-server (1.0.0), and the click Remove and it's gone.