Finally! Someone made patches that enable VMware Server 1.0.6 to work in kernel 2.6.26.x!
The site is currently down, but the link to the patch for vmmon and vmnet are still available:
I have successfully built VMware Server 1.0.6 in Linux 220.127.116.11 after applied the patches. So far, it seems to work fine. However, the kernel option to export obsolete symbol still needs to be enabled.
The site has come back: VMware-server – paldo.
All thanks to paldo developer for the patches.