How to clear or modify the VMWare Player's Recent Virtual Machine list

VMWare Player does not provide any options or tools to edit or clean "Recent Virtual Machines". When you erased VMs or have not been used for a while (likely not to use in the future), this is really annoying.
Here is how you can modify the list.

This only works on Windows.

1. Go to %USERPROFILE%\AppData\Roaming\VMWare
* %USERPROFILE%=C:\Document and Settings\[user] on Windows XP
%USERPROFILE%=C:\Users\[user] on Windows Vista
assumed the OS is installed in C drive. If you installed in other drive, please replace C: with the correct one

2. Open preferences.ini
3. Find the lines that contains the following contents. Usually around the end of file

pref.mruVM#.filename = "..."
pref.mruVM#.displayname = "..."

* # is a number. If you have 2 recent items, you have pref.mruVM0... and pref.mruVM1... .

4. Edit and remove unnecessary items.
5. Now you will have cleaned-up recent VM list.