I never had any problems with XP and 7 and if I remember correctly I found some people that said that 7 was smart enough to dual boot with XP as long as you installed XP first and then 7.
I am not running XP anymore but now just two 7s, here is the disk management on my primary system:
C is my primary drive, with my first win 7 installation on it and D is the second, E and F are just extra hard drives.
What exactly is System Volume Information?