I'm not sure VMware would not be where they are today, even if EMC [hadn't] bought them.
I don't see EMC owning VMware as a bad thing, and I don't see it as a good thing either. I'm happy to see that VMware has really been able to do their own thing -- I see that as being really important. VMware is still a company that's innovative. I'm for whatever business setup that works to allow them to continue being innovative. If that means that they continue being owned by EMC, I think that's OK. If EMC spins them off, then I think that's OK too.