VMware ESXi 5 - vCPU limitations

Hi,

I notice the Essentials Kit has an 8-way cpu limitation.

With Essentials Kit, if I have 2 x 8 core CPUs for the VM host, can I assign 12 cpus to a VM guest or will the VM guest be limited to 8 cpus?

With ESXi 5 free, vCPU limit is 32. Does that mean a max of 32 cpus can be assigned to VM guest?

ESXi 5 editions

http://www.vmware.com/products/datacenter-virtualization/vsphere/compare-kits.html

Thanks