Uncheck "Accelerate 3D Graphics" from VM settings >> display settings in "Win7 - Production VM". And then try to power it on.
The following line from your attached log looks interesting. I wonder if your F: drive is starting to fail? Check the Event Log on your Windows Host to see if it reports any problems with your F: drive.
2013-12-23T21:26:19.393-05:00| Worker#0| I120: DISKLIB-SPARSE: "F:\Virtual Machines\Win7 - Production\Win7 - Production-000001-s001.vmdk" : failed to open (14): Disk needs repair.