Try using Vmware Workstation 6.5beta, it has almost full dx9 with pixel shader 9 support.
[Only registered and activated users can see links. Click Here To Register...]
...Accelerated 3-D graphics on Windows XP guests — Workstation 6.5 virtual machines now work with applications that use DirectX 9 accelerated graphics with shaders up through Shader Model 2.0 on Windows XP guests. Hosts can be running Windows 2000, Windows XP, Windows Vista, or Linux....
[Only registered and activated users can see links. Click Here To Register...]
...Accelerated 3-D graphics on Windows XP guests — Workstation 6.5 virtual machines now work with applications that use DirectX 9 accelerated graphics with shaders up through Shader Model 2.0 on Windows XP guests. Hosts can be running Windows 2000, Windows XP, Windows Vista, or Linux....