I have the follwing configuration:
host Ubuntu server 7
guest Ubuntu server 8
vmnet0 = bridged (eth1)
ifconfig on host:
eth1 Link encap:Ethernet HWaddr 00:E0:81:48:F9:EF
inet addr:91.185.193.179 Bcast:91.185.193.255 Mask:255.255.240.0
eth1:0 Link encap:Ethernet HWaddr 00:E0:81:48:F9:EF
inet addr:91.185.201.112 Bcast:91.185.207.255 Mask:255.255.240.0
eth1:7 Link encap:Ethernet HWaddr 00:E0:81:48:F9:EF
inet addr:91.185.201.119 Bcast:91.185.193.255 Mask:255.255.240.0
lo Link encap:Local Loopback
inet addr:127.0.0.1 Mask:255.0.0.0
ifconfig on guest
eth1 Link encap:Ethernet HWaddr 00:E0:81:48:F9:EF
inet addr:91.185.201.118 Bcast:91.185.193.255 Mask:255.255.240.0
lo Link encap:Local Loopback
inet addr:127.0.0.1 Mask:255.0.0.0
from guest:
ping 91.185.201.119 WORKS!
ssh 91.185.201.119 WORKS!
ping google.com DOES NOT work 
ping gateway-address DOES NOT work
route output is OK!
from host:
ping 91.185.201.118 WORKS!
ssh 91.185.201.118 WORKS!
ping google.com WORKS!
grep eth UbuntuServer.vmx
ethernet0.present = "TRUE"
ethernet0.allowGuestConnectionControl = "FALSE"
ethernet0.virtualDev = "vlance"
ethernet0.features = "1"
ethernet0.wakeOnPcktRcv = "FALSE"
ethernet0.networkName = "Bridged"
ethernet0.addressType = "generated"
ethernet0.generatedAddress = "00:0c:29:2e:79:7a"
ethernet0.pciSlotNumber = "33"
ethernet0.generatedAddressOffset = "0"