This driver is for guest systems, that view only the SVGA adapter of the vmware platform (usually, Workstation). So if you have proper technology support on the host, say a decent driver with OpenGL support (see VMWare Workstation requirements to be sure), you can expect it to work with Fusion.
But I fear perf should suck a little, considering the entry-level of the Fusion platform.
I haven't been able to get vmwgfx to work since last September. It just refuses to enable 3d acceleration; all I can get is EXA. I get the old "Screen is not DRI capable", even using the latest from git on the latest workstation release.