Binaries for 32 bit Player requires 64 bit ?

Downloaded and installed the bundle for linux 32 bit. Ran vmplayer and setup a virtual disk ready to install.

  "VMware-Player-5.0.1-894247.i386.bundle

     Binary DetailsVMware Player for Linux 32-bit
     File NameVMware-Player-5.0.1-894247.i386.bundle
     Build Number894247
     Release Date2012-11-06"

When selecting "Play..", the following message appears:

   "VMware Player cannot run on this CPU. VMware Player requires a 64 bit CPU
    with support for LAHF/SAHF in long mode."

Is this for 32 bit or not?