unfortunately i have to go home and won't be back here till tomorrow...but..
what i want you to do is make that boot floppy...then put BOTH the floppy and the cdrom into the computer...and restart...let the machine boot to the floppy (it may give you an option to boot to cdrom support or something like that..been a while since i've done this)...if it does that see if you can get that cd to actually boot up (if it does you will see the computer say something about setup inspecting your computer)...once there...click on the UBCD button in the bottom left...then go to programs> file management > explorers >explorerxp
once there...look for any files or folders on the c:\ drive that end in .{clsid} (they should also have the control panel icon) right click on any of those files and folders and choose rename...a window will come up with a greyed out box at the top with the file/folder name in it..and two boxes at the bottom..one with the folder name...and one with the .{clsid} in it....just highlight and delete anything in that second box...
once you remove the end of the file/folder name there...right clikc on the file and choose properties..then uncheck the hidden and read only attributes and press ok...do that for all folders that have the .{whatever} ending...