I have a friend that had the same problem, he reinstalled XP per the instructions and ended up with two versions, only one sort of working. I found this website to reformat and reinstall XP:
http://www.cyberwalker.net/faqs/how-...stall-faq.html
As for saving your old info you could try going in safemode and save your old info, I had trouble with that.
Good luck, Max