Re: VMWare - Point to an already installed OS
Use the VMWare Converter or just install windows in the virtual machine. This will require just one activation. DON'T USE the installed Windows directly in VMWare. It will require activation each time you start it in VMWare after starting it normally (or vice versa), and this will burn your activation attempts pretty quickly. That is because for each major hardware change windows thinks it is installed freshly and would want activation code. Thats the only concern when running existing windows partition. Otherwise there is no problem.
If you fail to activate windows in 3 days (i.e. enter the registration code you have), that windows install becomes unusable.
make install - not war!