Hmmm, sounds too risky to me. Back when I had Win95/98 I must have reinstalled it at least five times but seeing as I don't have the XP disk I don't really want to chance it.
I think I'll just take the first option, after all, as long as I change my passwords what personal information could they get of mine anyway?
Maybe some photos or text files? I have nothing too juicy on this computer.
I think.