I finally got around to trying out the latest version of Backtrack 4 Beta. Using VMWare Workstation 6.5.1 I enabled "Shared Folders" so I could use some pre-complied tables. However when I browsed to /mnt/hgfs I see a blank folder.
Trying mount.hgfs .host:/ /mnt/hgfs/ gave the following error. Error: cannot mount filesystem: No such device
To fix this issue follow these steps.
Download and extract the latest tarball of open-vm-tools from sourceforge.
Download and extract the latest glib tarball from http://ftp.gnome.org/pub/gnome/sources/glib/2.6/ because open-vm-tools require it
./configure && make && make install
Satisfy dependencies of open-vm-tools.
./configure --without-dnet --without-x --without-unity --without-icu && make && make install
Reboot and use the following command to mount your VMWare Shared Folder.
mount -t vmhgfs .host:/ /mnt/hgfs/