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You'd probably have to call M$ when it came time to activate it.
You can install and then see what happens when you try to activate it. Since it's only on one PC, I don't think it's illegit, you would just have to make 'the call' because so much hardware changed.
Heck, I'd just tell 'em your other PC broke so you had to go buy a new one. Your installing you copy of XP Home on it as a replacement. You should have to tell them about your other PC.
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