VCP, Rob de Veij has recently updated his RVTools, a small .NET 2.0 application which uses the VI SDK to display the version of the installed VMware tools.
It also shows if the tools are upgradeable. The button "Upgrade VMware Tools" starts an UpgradeTools_Task for every selected VM. It currently only supports ESX Server 3.x, VirtualCenter 2.x and ESX Server 3i.
Version 1.1 updates with the following features:
Download RVTools version 1.1.
Thanks to Rob for creating this tool, and thanks to Duncan from Yellow Bricks for exposing me to it.