Well, it looks like Photoshop has found the OpenGL that's provided by the 3D support in VMware virtual video driver. Photoshop might work, though. But it's likely you'll see lower performance since it'll probably in some cases use software "rendering" rather that accelerated APIs such as OpenCL or DirectX -- the latter most likely due to Photoshop wanting a higher DirectX feature set than that provided by the VMware virtual adapter.
The low VRAM reported is also kind of expected given the way that the VMware SVGA 3D virtual video card is implemented.
You might want to check Adobe-focused forums to see what others are seeing when running Adobe products under a VMware desktop hypervisor.
But since you are running on a Windows 11 host, why not just run it natively and not in a VM? Running in a VM is only going to add overhead, complexity, and lower performance?
If it doesn't run on your Windows host, or runs poorly on the Windows host, you certainly aren't going to run it any faster in a VM.