How does vmware guest OS memory usage work?

How does vmware guest OS memory usage work? If I use vmware workstation v6.5 on a vista 32-bit host with 8GB memory, will a 64-bit guest OS (win7) be able to use more than 4GB physical memory (depending on vmware memory settings)?
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bert [Entry]

"Someone already tried that (besides the one that you have found), and it appears that it is not possible.

If you will install 64-bit OS as host, then it will work. But VMWare can't use more RAM than the amount host OS can provide."