From http://kb.vmware.com/selfservice/microsites/search.do?language=en_US&cmd=displayKC&externalId=1006224 we read:
Windows guests installed with LSI Logic Storport driver version 1.26.05 or later crash with a blue screen while booting.
ESX 3.5 Update 3 resolves this issue. However, you must also set the following option in the virtual machine's .vmx configuration file:
lsilogic.iobar256 = "TRUE"
Note: This configuration option is supported only for Windows 2003, XP, Vista, and 2008 guests (both 32 and 64 bit).
For versions earlier than ESX 3.5 Update 3, use LSI Logic Storport driver version 1.20.18 (or older) or LSI Logic SCSIport driver for Windows guests. This driver is available at:
Note: If you use this older driver, you cannot use EMC's admsnap utility within the virtual machine.