I had the exact same problem, this is how I solved it.
I monitored devenv.exe using procmon to find the log path, on my computer it was: %TEMP%\vmware-username
I checked the permissions on the log directory, and discovered that my user had no access - neither read nor write! I gave myself full access and deleted the old log files. That solved it for me.
I think this happened because UAC was disabled when I installed VS and VMware.