[Image: http://puu.sh/kYjf]
[Image: http://puu.sh/kYjo]
Will I still be able to run the game if this is the only problem? If not, is there a way to fix this?
Why do you think that you need to increase the amount that is "dedicated"?
The driver uses a small amount (~64MB) of driver for internal house keeping purposes- that memory is taken at boot time. All other memory needed is dynamically allocated to graphics as it is needed - up to 1.7GB on a 4GB system. This is more than enough for all applications that you would be running.
While some games may list "512MB dedicated VRAM" on their min spec, that only applies to discrete graphics cards where access to system memory would be too slow over the PCIe bus. For integrated graphics devices, all memory is system memory - marking it "dedicated" doesn't make it faster and would just mean that it was unavailable to the operating system to give to applications on the CPU if graphics isn't using it.
Some systems include a BIOS option to increase the amount of memory that is "dedicated' (e.g. stolen at boot) - but you should be aware that this is NOT required for well written apps to function properly and basically reduces the memory available for regular operation.
There are a few exceptions to the above - that is, a couple games that actually make (incorrect) decisions based on the amount of "dedicated" memory they detect. The ones I know of are: Pro Evolution Soccer 2009, 2010, 2011, Grand Theft Auto IV, and some of the Total War series of games. It appears that PES 2012 may be fixed with a patch. For GTA:IV, some people have had success with command line switches.
go into your BIOS and if your board is recent enough you should have an option to increase dedicated video memory, assuming you have enough RAM.
Wait, you can do that? o_o