If your hard drive has to give up the ghost, I guess this is probably the best way.
Two weekends ago, I was sleepily browsing the internet during morning coffee, when my laptop literally went "Kaflooie!" and started throwing Blue Screen of Death after Blue Screen of Death. It wouldn't boot at all at first, but finally started up again, albeit running impossibly slow, and only for ten minutes at a time.
I did get one excellent streak where it stayed alive for more than an hour, and I managed to copy my email and all my Reed-related documents to CD. I had a recent backup, but I wanted to be absolutely sure I got everything.
With a new hard drive installed, I spent this weekend updating Windows, updating Windows, downloading software, updating Windows, and reconfiguring my wireless. I should be happily posting again, soon!