Founder, Survivors of Nearly Every Rotten Thing (S.N.E.R.T.s)
My Workhorse: Vostro 1500 Core2 Duo T7500, 2 GB RAM- increased to 4 but only 3.75 or so showing...
Dual-Boot 03/29/09: WinXP Pro and Vista Ultimate Product Red
Yes, this generally indicates hard drive failure, or a drive controller. This does not mean everything on the drive is lost, but you will probably have to get a new drive and install Windows new with your restore CD's. The you can use your broken drive as a secondary or "slave" drive, and hopefully rescue your data.