OMG I cant believe it! Ok, first off, thanks everyone for suggestions and all.
The system is back up and running, heres what I did:
As suggested, i took the HDD from the broken PC and installed it into my computer as the slave, assuming I would be able to take the needed files off of the HDD before I reinstalled Windows. When I started my system up, my Windows XP fixed the issues the other "slave" HDD had and then my system booted up after making the scans. I then shut down my system and changed the slave HDD back to master and reinstalled it back into the other machine. To make sure things were ok, i booted up in safe mode, it went thru the normal lines, it then stopped as it had been doing, then after about 5 seconds, it booted up normally into safe mode. I then checked out things in my msconfig, made sure nothing from Norton was going to reload and restarted the machine normally.
Booooooom! Up it went flawlessly and I am able to make backups, just in case i ever need to reinstall Windows on this machine( learned my lesson

)
Here is a bit of info about the two machines:
Both are Emachines
My model is a newer one, but both run XP
The master HDD is 80 gig ( my machine)
The Slave HDD is 40 gig ( The HDD with the issues)
I hope the others in this wonderful forum read this and they can try this out with the same sussess.
Once again, I so much appreciate all that poted here and "great job" to the people that have this forum(s) up and runnign with tons of helpful information!
Rabbitrob