So this is from the Tech Support case that was opened, notes from the TSE regarding changes done on the settings for this VM in vSphere Client:
In VM "Edit Settings" for the DFM VM (Windows 32bit)
Hardware was already set on 4GB and 4 CPU before changes but memory and cpu in Resources tab was not set
In Hardware tab we changed 4 CPUs to 2 CPUs
CPU Custom: 1000 mhz
Memory Reservations was changed to 4GB, 3GB, and 1GB. in 4 and 3 GB, the VM would not start
Config 1
Hardware tab
1 CPU and 4GB
Resources tab
CPU in Custom 1000 mhz, memory at 1GB host took about 15 minutes to come up, Windows not responsive when OnCommand started
Config 2
Hardware tab
2 CPUs and 4GB
Resource tab
CPU in Normal 4000 mhz, memory at 2GB host took about 3 minutes to come up, OnCommand Console comes up with no problem
Basic DFM functions work normally
Left the settings as Config 2 above.
Customer will consider moving to OnCommand 64bit with 64bit Windows 2008.