This how to explains how to get rid of UNMOUNTABLE_BOOT_DEVICE error….
Step 1. Boot from Windows XP CD
Step 2. Press R to enter in recovery console
Step 3. Type 1 and press ENTER
Step 4. Type your administrator password and press ENTER (leave empty if none)
Step 5. Type FIXMBR and press ENTER
Step 6. Type Y and press ENTER
Step 7. Type FIXBOOT and press ENTER
Step 8. Type Y and press ENTER
Step 9. Type chkdsk /r /p and press ENTER
Step 10. Once check disk utility finishes, type EXIT and press ENTER
Now the system should boot normally…