After installing this and trying to run it you will find that it does not work. You will simply get an error like:
The type initializer for "VirtualInfrastructure.Utils.HttpWebRequestProxy" threw an exception
The solution is posted in the following VMware forum thread and works great. The same type of change must be done to get VMware vSphere Host Update Utility to run properly as you can find here.
I performed both changes on my Windows 7 x64 box and now both applications run without issue.
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