OEM Vista 64bit - OEM Win 7 64bit not upgrade but clean install?

I bought and currently have installed the following OS:

Microsoft Windows Vista Home Premium SP1 64-bit for System Builders - OEM
http://www.newegg.com/Product/Prod [...] 6832116488

I just bought:

Microsoft Windows 7 Home Premium 64-bit 1-Pack for System Builders - OEM
http://www.newegg.com/Product/Prod [...] 6832116754

I want to do a clean install? (I only have one HDD).

Will this new OS CD do a format of the hard drive for me before it installs the OS?
If not how do I format the HDD?

I did the following in preparation for the clean install:

Took out one of my two vedio cards.
Check that booting from CD was first in boot order.

Backed up all below to a 32gig thumb drive:
Backed up iTunes libray tunes and apps
Backed up Outlook .PST
Backed up IE Faverates.
Backed up my documents

Updated BIOS to Windows 7.

Once new OS is installed I will install the following:
All software.
Video drivers.
Intel chip set drivers


Once again my question is:
Will this new OS CD do a format of the hard drive for me before it installs the OS?
If not how do I format the HDD?

thanks

Mark

Edit I found my answers!
Here is a detailed walk thru of a complete Custom or Clean Install.

http://pcsupport.about.com/od/oper [...] rt-1_3.htm

This answered all my questions......

Thanks for the reply.

Here is a detailed walk thru of a complete Custom or Clean Install.

http://pcsupport.about.com/od/oper [...] rt-1_3.htm

This link answered all my quesitons.

Mark