I checked and no fragmentation on the partition. I'll try the suggested parameter. Actually I have 3 GB Ram set on the VM and I upped it from 2 and it suspends faster. I set the Antivirus to exclude those extensions.
I checked the VMX file and found that its not like the VM's VMX files. I am attaching a copy. It appears that VM Tools is not installed yet I not only installed it, I upgraded Tools when I upgraded to 4.0 and again to 4.0.1 Its also been renamed so that i could reinstall Tools.