[UPDATE] +2G memory later... problem resolved...
My darling little MacBook with VMware Fusion/Windows 7 when intially installed was unconscionably slooow.
I had all the settings on the VM decently set. 1 processor and 1 GB mem for Win 7,
no 3D graphics. Set Win user exeperience to optimize for performance in GUI.
But after installing VMware tools (If you can't figure that out you should be shot in the head because Fusion prompts you about 11000 times to do it.)
...And installing piles of windows updates and rebooting a few times, things seem better. This makes sense, because windows generally has to load lots of patches after an install. I have seen windows grind to a halt in if you download the windows updates, and install, but don't reboot. My hunch is that the cause has something to do with memory use.
Model Name: MacBook Pro
Model Identifier: MacBookPro5,5
Processor Name: Intel Core 2 Duo
Processor Speed: 2.26 GHz
Number Of Processors: 1
Total Number Of Cores: 2
L2 Cache: 3 MB
Memory: 2 GB
Bus Speed: 1.07 GHz
OS X version 10.5.8
VMware Fusion 2.0.6