In this article, I will guide you to setup a Windows 8 Virtual Machine in VMWare environment. Just follow the steps mentioned here and you will be done with the installation. I will use the 32bit Windows 8 Developer Preview ISO image to mount for the installation step. If you have bootable drive, you can directly use that.
The step-by-step process will show you creation of new Virtual Machine and then the installation of Windows 8 Developer Preview version in the VM. Read the complete post to find out more.