This depends on your final goal.
If you are just using the new drive for data you can format it with Disk Management or format and partition with
GParted.
If you intend to recreate your old drive you need to "clone" it. The manufacturer usually has this tool available.
Actually Hitachi defers to third party programs:
http://www.hitachigst.com/hdd/support/hdinstall.htm
I believe that you can "clone" with the trial version of Acronis.
If you intend to wipe everything and start from scratch then the reinstallation of XP would work.
...