Try restoring a good registry backup. There are 5 backups by default. Once a day on bootup, the registry is backed up. It's important that this is attempted as soon
as possible. If it's been over 5 days, it won't work.
Reboot and hold the CTRL button down, until you get the boot menu. Choose Command
prompt only. At the C:\> type: scanreg /restore and press enter
Choose a date before the problems started. Then type win and hit enter and see whether you can get back into Windows. If that isn't successful, try another
backup.
VMM is referring to Virtual Memory, btw. That's all that error tells us.
I wouldn't recommend reinstalling over the top. That won't help if there are registry problems. In fact, it could make things worse.
Brian