Windows Crashed (Cant even boot in safemode)

Today I was downloading CPU-Z to see some stuff. I was using firefox and the firefox downloader froze before it was completely downloaded and was not responding and I couldn't move/minimize it or anything (Only other thing things that were open were ventrilo and windows live messenger). I ctrl+alt+deleted it and ended firefox.exe and it wouldnt end after several minutes. So I decided to forcefuly rebooted the computer by holding down the power button. After it rebooted it wouldn't load XP (got to the screen with the windows logo and the loading bar going across and stayed there for ever) (can not even boot in safemode or last known working configuration). So I decided that I would reformat. Now when I am trying to reformat, I get to the screen after it asks me if i want to repair or continue. I hit enter to continue, and on the top it says: Windows XP Home Edition Setup, and on the bottom it says: "Examining 610478 MB Disk at Id 0 on bus 0 on iaStor..." and I cant get past that. (Also happens when I try to repair.)

I'm thinking that the hard drive is corrupted, but I'm not sure.



Here is my system for addidional information. (Recieved parts from newegg friday and assembled friday)
Case: Cooler Master 690 Black SECC/ ABS ATX Mid Tower
Motherboard: ASUS P5Q Pro LGA 775 Intel P45 ATX Intel Motherboard
PSU: CORSAIR CMPSU-650TX 650W ATX12V / EPS12V SLI Ready CrossFire Ready 80 PLUS Certified
Processor: Intel Core 2 Duo E8400 Wolfdale 3.0GHz 6MB L2 Cache LGA 775 65W
RAM: G.SKILL PI Black 4GB (2 x 2GB) 240-Pin DDR2 SDRAM DDR2 800 (PC2 6400) Dual Channel Kit Desktop Memory
HDD (SATA): Western Digital Caviar Black WD6401AALS 640GB 7200 RPM 32MB Cache SATA 3.0Gb/s 3.5"
DVD Drive (SATA): SAMSUNG Black 22X DVD+R 8X DVD+RW 16X DVD+R DL 22X DVD-R 6X DVD-RW 12X DVD-RAM 16X DVD-ROM 48X CD-R 32X CD-RW 48X CD-ROM 2MB Cache SATA 22X DVD±R
Heatsink: ARCTIC COOLING Freezer 7 Pro 92mm CPU Cooler