Thanks to @BradB7, who passes along a way to trick the registry into thinking your system passes all the tests (note that hacking the registry is not for the squeamish. Always backup your VM when doing things like this):
Once you've done that, restart your PC (or VM in this case) and install Windows 11 using your preferred method.
- Open the Registry Editor and navigate to HKEY_LOCAL_MACHINE\SYSTEM\Setup\MoSetup
- Search for AllowUpgradesWithUnsupportedTPMOrCPU
- Change its value to 1.
Thanks for your help. This is interesting. I navigated to the HKEY... but there was no Allow... line anywhere, so I added it. Still didn't work. I tried adding it both as a Key and as a Binary. Other ideas?