This also seems to happen on VMware Workstation 9.0.2 build-1031769.
Host:
Windows 7 Home Premium 64-bit SP1
VMware Workstation 9.0.2 build-1031769 (shared mode)
VIX API 1.12.2.35902
Guest:
Windows XP Professional SP3 32-bit, 512 MB RAM
VMware Tools 9.2.3, build 1031360
Image may be NSFW.
Clik here to view.
I've attached the log files.
Test Start Time: 5/29/2013 12:22:26 AM
Test End Time: 5/29/2013 12:28:18 AM
[5/29/2013 12:23:17 AM] Information: Running in guest: C:\windows\system32\reg.exe ADD "HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows NT\CurrentVersion\Winlogon" /v ForceAutoLogon /t REG_SZ /d "1" /f
[5/29/2013 12:23:18 AM] Information: "C:\windows\system32\reg.exe" ADD "HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows NT\CurrentVersion\Winlogon" /v ForceAutoLogon /t REG_SZ /d "1" /f exited with code: 0
[5/29/2013 12:23:18 AM] Information: Rebooting machine...
[5/29/2013 12:28:18 AM] Information: Disconnecting from VMWare VI Server: localhost:444
On a successful reboot, the test log would have indicated "Machine rebooted", but instead I get a time out.