Good suggestions all...
Checked the BIOS and made sure they were on Auto-detect.
Installed the chipset drivers.
No luck.
As for drive letters...last night before I went to bed I did another fresh install of XP. I disconnected the data drive for this install to ensure that only the applications drive would be recognized. I made two partitions on this drive, a Windows (boot) partition and an Applications partition. The install was successful with the Windows partition designated as the C: drive and the apps partition as the D: drive.
I connected the data drive and...same as it ever was.
Soooo...
After installing the chipset drivers, I got "Found hardware" messages for the two optical drives and also the data drive (hope, hope, hope). Went to Disk Management and what to my eyes appears?
C: Windows
D: Applications
E: CD-ROM
F: DVD
Data drive with no letter and all the same attributes as stated before.
Thanks for all the good advice, can I just go dump this in Bill's lap and tell HIM to fix it?