How to Upgrade Ubuntu guest in VmWare?

o) Get the ALTERNATE Ubuntu image from UBUNTU website. (I prefer using Torrent to get this file)
A DESKTOP ISO will _NOT_ work!
o) Now, it's a blatant lie that you would not need an Internet connection. You got to have it; if not, go and do something else.
o) Okay, once you got you alternate ISO image ready, do the following:

• sudo mkdir -p /media/cdrom
  sudo mount -o loop ~/Desktop/ubuntu-10.10-alternate-i386.iso /media/cdrom

• gksu "sh /media/cdrom/cdromupgrade"

o) Yup! that's pretty much you need to do.