Hey guys... in my effort to find a utility for basic import and export function of product details features actual items ect. I came across alot of files and random articles anyhow... This here is the combined efforts of a couple hours work a great lot of programing from various people.
Tested On: Joomla 1.5.17 and VirtueMart 1.1.4
For those who like the free way

Step 1: Grab the attached zip file on this post...
Step 2: Unzip
Step 3: Log into your joomla installation.
Step 4: Navigate to Extensions | Install/Uninstall
Step 5: Browse and Install the file com_simplecsv_1.2.2b.zip
Step 6: Once Installed Navigate to Components | SimpleCSV
Step 7: Select Export then Select all check boxes excluding these fields bellow
product_thumb_image
product_full_image
product_url
shopper_group_id
Step 8: Make your way up the top and click the save disk...
Step 9: Edit your file to your liking using CSV Edit ect.
(NOTE!! EXCEL USERS MUST CONVERT THE CSV BY RUNNING THE INCLUDED MACRO)
(Open CSV Delimiter Writer For Excel)
(Navigate and select open CSV in EXCEL press CTRL+SHIFT+M)
(c.txt is newly created import CSV)
Step 10: Navigate back to joomla and select the browse button down the bottom and upload your c.txt / export.csv either selecting import / update accordingly up the top, you may have to rename c.txt to .csv 6am no sleep you get the drift...
Step 11: Should result with joomla returning updated file success
Thanks Guys and have a good morning kudos on Roman Nagaev for Simple CSV and Erl Kiosterud for the EXCEL Macro
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