Since XP was working fine on this mboard previously, your problem is probably not caused by the particular hardware built into the mboard (main chipset, etc.), or the bios version if you have not updated it, or the cpu if you have not changed it.
If a new hard drive and a fresh install of XP produces the same or similar error, it's got to be caused by something else.
You may have a poor connection of the ram in it's slots, or if you changed which ram you have installed, it may not be 100% compatible with using it in your mboard, or you may be having a problem with the drive reading the CD properly, or you may have a data cable problem.
See Response 7
"Ultimat Boot CD also will not boot"
If it's a CD-R or DVD-R it should work fine, but if it's another type of burned disk, it may not read properly, or just not be detected as bootable properly, in a drive it was not made in.
If you have more than one optical drive, many bioses will only boot a bootable disk from one of them. See the info about that at the above link.
Other things ....
Unlikely, but certainly possible.
Examine the mboard to see if you have bad capacitors, and/or other findable signs of mboard damage .
This was the original bad capacitor problem - has some example pictures.
History of why the exploding capacitors and which mboard makers were affected:
What to look for, mboard symptoms, example pictures:
Home page that site
- what the problem is caused by
- he says there are STILL bad capacitors on more recent mboards.
Pictures of blown capacitors, other components, power supplies, Athlon cpu's, etc.:
Unplug the case/power supply, or switch off the AC power to it otherwise.
Power off your monitor.
Open up the case by removing the left panel as seen when you're looking at the front of the case.
Check all the connections of the wiring to make sure they are all the way onto their pins and into their sockets, especially the main connector from the power supply. The wires close to the mboard going into the main power connector/socket should be more or less perpendicular to the mboard surface rather than at an angle. Make sure all cards in slots are all the way down in their slots.
You could try unplugging connections, plugging them back in.
You could try removing cards, plugging them in again.
While you're in there, if the cpu fan/heatsink has mung (dust, lint, etc.) on it, clean it off, but DO NOT use a vaccuum cleaner to do that (they produce a tremendous amount of static electricity when running, and anything connected to them can discharge that to your components) - use canned air, or an air nozzle if you have access to an air compressor, or an artist's brush that can be used in small spaces, etc. It may be difficult to clean the top of the heatsink under the cpu fan - the most likely place to have mung on it - and the bottom side of the cpu fan blades unless you remove the fan. If you have a case fan, clean that too if it needs it.
Also check for mung on the video card fan and heatsink if it has that, and the power supply's openings / fan.
Faulty optical (CD or DVD) drives can cause weird problems. If you have more than one, try connecting just one at a time.
Remove or unplug everything not essential to run Setup, before you run it.