VMware Fusion has now been updated to version 2.05. The release number is Build 173382. It is a free update to all Fusion 1 and Fusion 2 owners.
The update includes:
Support for Mac OS X Server guest operating systems with Intel Xeon 5500 and 3500 series processors
Experimental support for Snow Leopard Server as a guest OS (32 bit only)
Experimental support for Snow Leopard as a host OS (32 bit only)
Reduces CPU usage when a VM is idle
Contains more than 80 bug fixes
I applied the update this morning and had no issues. You can get a look at the release notes here. Your Fusion app should update automatically on launch, or you can download the update from the VMware support web site. Thanks to Martin for the tip