Host is Windows, guest is Ubuntu. Hypervisor is VMWare Workstation 12 Player. There is a very straightforward process to get graphics acceleration in the VM. The shell has a "mount install CD" option that causes a CD containing drivers to be loaded in the guest (Player > Manage > Reinstall VMWare Tools). You install those, and also enable acceleration in the VMWare settings (https://imgur.com/a/PUaE38u). Again, it's not perfect, but I can e.g. play fullscreen 1080p YouTube videos. Not sure how it would like playing 4k videos, but my desktop doesn't like that so much even in the host OS.

I do this the other way around, Ubuntu host and a KVM virtual machine controlled by virt-manager with PCIe passthrough for its own GPU and NVMe boot drive. I enjoy Linux too much for daily use (and rely on it for bulk storage with internal drives mergerfs fused together and backed up with snapraid), but I do a lot of photography and media work so I also rely on Windows. This way, I can use a KVM frame relay like looking-glass to get a latency free almost native performance windows VM inside a Ubuntu host, without the need to dual boot (but since the NVMe drive is just windows, I can always boot into windows if I please)