Use nLite, integrate SP2, your drivers,
configure options if you like,
if you know what your doing you can remove all unneeded drivers(if you get all of your drivers in there should be no need to keep any),
Windows components(more risky, but if you choose the ones that you understand nothing really can go wrong, leave Iexplore, Out of the Box Experience, probably can remove all additional languages and keyboard mappings if you dont use them).
Install.
Install applications and any driver utilities that don't autoinstall with the drivers(like ATI CCC, Creative's control applications, etc...).
Download critical updates, Install basic applications(wouldnt do "everything").
Configure XP.
Image if you like.
nLite
BTW to integrate your drivers just download all of them, extract them if posible(using winrar or 7zip or similair right click on the .exe and hit extract) I know ATI's drivers have to be extracted now, they will be in ATI\Support\6.3.... etc... Put them all in a drivers folder and point nLite's multiple driver option at that folder
🙂... btw you need to copy all the files off of the CD to your harddrive and I recommend putting your drivers folder inside of that.