- Here you can find a quick tutorial on how to change the icon.
- You can only password protect drives by encrypting them. Since you have windows 7 ultimate you can use windows' built-in encryption system called Bitlocker.
Go to Control Panel > Bitlocker, it is straight forward to encrypt a drive.
Another solution is to use TrueCrypt (or any other softwares) to encrypt the drive the same way, though this process requires more knowledge/time to set up. You have more settings, you can set up an even safer encryption method..
The Bitlocker is a more convinient way to do it and it does the job great!