With the release of VMware Player 4.0.1 (as noted here) VMware has also released new VMware Tools version 8.8.1. If, for some reasons, you need to get them directly (and not from VMware Player) you can grab them from here: http://softwareupdate.vmware.com/cds/vmw-desktop/player/4.0.1/528992/
VMware Player 4.0.1 announced
VMware has just announced the release of the updated VMware Player. VMware Player is the free product from VMware to perform virtualization on desktop PC. The release 4.0.1 follows the version 4.0.0 released at the beginning of October.
You can find release notes for VMware Player 4.0.1 here.