If a vmem file is reported to be corrupt - delete it unless you are doing a forensic investigation.
In most cases it is enough to just delete the file - sometimes you also need to delete the reference to that file in the vmx-file.
Are you recommending clicking on the discard button. If I do, won't I lose my Windows 7 Pro along with all the other programs?
Would everything be preserved and corrected if I would do a system upgrade to the newest version of VMware?
Your VM is trying to wake up from its suspended state - but then notices that the file used to represent the virtual RAM is corrupt.
Discarding the vmem-file and the suspended is the equivalent of an unexpected shut down like from a power failure.
Once you discarded the suspended state it will start fresh.
You may lose files that were in memory when you suspended the VM the last time.
But nothing serious should happen.
> Would everything be preserved and corrected if I would do a system upgrade to the newest version of VMware?
Thats the equivalent of trying to fix the flat tyres of your car by replacing the engine.
You may have a more powerful car afterwards but you still cant drive it because of the flat tyre.
If you are worried and too scared to discard the vmem - backup the VM first.
What ever you try - the next step will require to get rid of the corrupt suspended state.