One of the neatest new features in Windows 7 Professional and above is  XP Mode, but not all machines are capable of running it. Today we show  you how to use VMware to run XP Mode on machines without Hardware  Virtualization.
 How does this work?
 Even if your computer doesn't have hardware virtualization, you can  still install XP Mode but just cannot run it as you can't run Virtual  PC. Enter VMware Player. This free program lets you create and run  virtual machines, whether or not you have hardware virtualization. And,  it can directly import XP Mode so you can use that copy of XP for free. A  couple features are different, but it's still a great replacement since  you otherwise couldn't use it at all.
 Note: XP Mode does not work on Home Versions of Windows 7 and you'll need VMware Player 3.0