Switched to Mountain Lion before updating old VM Fusion - Help

Updated my mac to mountain lion, but was using an older verson of vm fusion 2.0.4 which isn't recognized and won't work. I thought I could go back in time machine but it still didn't work.  I only need to access the peachtree acct software so I can run the back up and get the data, so my question is if I download vm fusion 4 and reinstall xp, then peachtree.  Will this work?  I have my peachtree data backed up on a extrenal harddrive so that should be good.
Any help appreciated.

You shouldn't need to re-install any version of Windows.  Just update to VMware Fusion 4(.1?) and then point it at your old .vmdk file and you should be good to go.

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    Welcome to Apple Communities
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