Karthik,
I have a V2110 installed in my Macbook Pro (i7, 16 BG RAM) using Fusion, so I guess it is possible to run it in Workstation. I haven't done much testing, other than connecting an AP and letting the controller discover and adopt it.
Remember this is NOT a supported configuration, and it is not meant to be used in production. But if you want to practice or do a quick lab, it will probably work.