I Wayne
Sorry, but I'm not too familiar with this site and I think I made a bad Copy/Paste.
Here is the right link: http://communities.vmware.com/message/2227565#2227565
If this doesn't work, here is the link to the entiere post: The default sound device cannot be opened: A device ID has been used that is out of range for your system. Sound will be disconnected.
And if this doesn't work either, here is the solution:
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To get the sound going in Ubuntu 12.04 LTS, you need to first install "pavucontrol"
You can do so by typing the following in the terminal:
sudo apt-get install pavucontrol
After you have installed pavucontrol you can run it by typing the following in the terminal:
pavucontrol
Go to the configuration tab, select Analog Stereo Output
And you should be good to go
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Hope this helps since it worked for me with a similar situation than yours (Host: W7-64, Guests: All Ubuntu from 10.04 up to 13.04, both in 32 and 64 bit flavors).
BTW, this is an over 2 year old bug and I don't understand why VMware doesn't fix it. 
Cheers.
Dumby.