Right, just copy and paste this
multi(0)disk(0)rdisk(0)partition(2)\WINDOWS="Micro soft Windows XP Professional" /noexecute=optin /fastdetect
Make sure you take off the space between the S and Window above. It seems to do it on this forum for some reason... It might just copy and paste fine, but just check that. So basically all I've done is taken off the entire line, plus the bit at the end.
As for the timeout function where you have 1.
When you set up your new computer, you can set this to -1 if you like. Basically it'll stop when it reaches the loader, and won't automatically select one until you select it by pressing Enter.
Or otherwise, set it to 30, which should give you plenty of time.
I hope this helps