I compiled this today, and successfully ran it. It worked for me, hopefully it works for all of you. This is the compiled version 3 of vmapextract from the ArcEmu svn release 1877.
I didn't see this released here yet so I posted. Included is the vmapextractor_v3.exe and vmap_assembler.exe.
Download build 1882 vmap tools
Download build 1877 vmap extractor
Thanks and credits to all the ArcEmu contributors and to Hasbro for releasing "the correct vmaps extractor".