Turn off the Eye candy, system restore, and such, and you'll be good.
I wouldn't convert the drive to NTFS for two reasons, though...
1. If you ever want to boot linux, you can't easily write to it.
2. Make sure you're satisfied with XP before you switch over. Otherwise, its back to square one.
A+ Core Hardware, Software Certified (May 13 2005)
the new beast...
AMD Athlon XP 3200+ Barton running at 2.16 Ghz.
GeForce MX 4000 (mainly takes the load off the main system)
Creative Labs Audigy 24-bit sound.
Some Case from tigerdirect
512 MB Ultra DDR RAM.
80GB Seagate HDD
LiteOn CD-RW / DVD ROM drive.
currently looking at a litescribe drive at staples, due to its ability to label the CD shortly after being burned.