Is the Recovery Console on this Windows CD?
If so...boot into it and run the chkdsk /r (space between k and /) command.
If the RC is not on this disk...did you intend to do a repair install or clean install of XP?
System manufacturer and model or motherboard manufacturer and model (if custom-built)?
Have you tried last known good configuration boot option?
Can you boot into safe mode?
Booting into Safe Mode Safely. - http://www.malwareremoval.com/tutorials/safemodeboot.php
Safe Mode Boot options in Windows XP - http://support.microsoft.com/kb/315222/
What Is Safe Mode - http://computer.howstuffworks.com/question575.htm
If you can boot into safe mode, dissable the auto reboot crash option:
How To Disable Automatic Restarts When Windows Crashes - http://www.bleepingcomputer.com/forums/t/74644/how-to-disable-automatic-restarts-when-windows-crashes/