Will the OEM Windows license I previously bought transfer?

I have searched around for an answer for my specific problem, but have yet to find an answer...
I have an old home built desktop with a copy of windows xp OEM that I purchased separately, as the OEM license did not come with a pre-built computer with specific motherboard specs. etc.

Is it possible to transfer this OEM key to my new desktop build?

I read many other answers that stated that pr- built pc's with OEM keys wont install on other systems because it checks for the specific system specs. the pre-built PC originally possessed. Unfortunately, this is not my situation.

I am trying to figure this out soon as a 30 dollar Windows 7 Upgrade is available for students and I plan to run that on the new build.

I would be very happy if I didn't have to go and purchase a new Windows license!

Thank You.
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More about will windows license previously bought transfer
  1. According to the Microsoft EULA, you can only transfer an OEM copy of Windows XP if the motherboard dies.
  2. And yet they tell you how in a different way.
    http://technet.microsoft.com/en-us/library/bb457078.aspx
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