The funny part is that I can move this hard drive to a different pc and it works fine finds new hardware. Once I switch it back it goes back to BSOD...
I think the most important decision to make is what to backup. Don't just copy files over and call it a backup, think carefully what do you want and...
Have a look at this tutorial on the site that explains why the icon is there and if you still don't find it useful, it has instructions for hiding it...