Re: I've just re-loaded VMWare Fusion and license does not work..............

you can try below stepsUninstall VMware Fusion and install the fusion VMware Fusion 1.1.1(72241) again.
1) To uninstall following are the steps
a) Quit VMware Fusion
b) Uninstall VMware Fusion (Hard Disk/Library/Application Support/Vmware Fusion/Uninstall Vmware Fusion)
c) Delete the following folder: Hard Disk/Library/Application Support/VMware Fusion
d) Delete the following file: Hard Disk/Library/Receipts/VMware Fusion.pkg
e) Delete following file: Home Folder/Library/Preferences/com.vmware.fusion.plist
f) Delete the following folder: Home folder/Library/Preferences/VMware Fusion

2) Install VMware Fusion (double-click VMware-Fusion-1.1.1-72241.dmg and then double-click "Install VMware Fusion")
3) Enter the serial number you got with VMware Fusion 1.0(51348)
4) Please be sure to install the latest version of VMware Tools in your Virtual Machines
after installing Vmware Fusion 1.1.1 (72241)

Note that above mentioned steps are to uninstall and reinstall the fusion application. By doing this there wont be any changes in the Virtual Machine (Guest OS, Application installed and Data saved).