VLC is a very forgiving player. I've seen it handle things that would choke other players, so it's possible the file really is corrupt.
More information needed for someone to help... please click these links and provide the requested information
-Information FAQ http://forums.adobe.com/message/4200840
-Effective questions http://forums.adobe.com/thread/416679
-How to get help quickly http://forums.adobe.com/thread/419406
What are you editing, and does your project match your video?
Please NOTE that the PPro CS6 screen may look a bit different (I use CS5)
For CS5 and later, the easy way to insure that your video and your project match
See 2nd post for picture of NEW ITEM process http://forums.adobe.com/thread/872666
-and a FAQ on sequence setting http://forums.adobe.com/message/3804341
When your project sequence is correct, you will not see a red line over your timeline at first import, before you do anything to the video
Read Bill Hunt on a file type as WRAPPER http://forums.adobe.com/thread/440037
What is a CODEC... a Primer http://forums.adobe.com/thread/546811
What CODEC is INSIDE that file? http://forums.adobe.com/thread/440037
Report back with the codec details of your file, use the programs below... a screen shot works well to SHOW people what you are doing
Ive dug out the offending card, reloaded the bad file and it works now. It was an odd one tho - only one file from the selection (all the same session) and some bizarre synch arrangmenet - quite amusing actually and fun to listen if unuseable for anything other than the comedy section of youtube!