Thanks for the info mate, seems i might have had a little luck too lol. i now have 7048 nicely dual booting with what seems to be chain0
So im posting incase it can help someone else.
I installed windows seven through XP, select clean install, obvoulsy install to XP/Vista partition. Let setup do its thing. Then i noticed in the 7 bootloader i have two entries.
Earlier Windows Version.
So i choose Earlier Windows Version and boop boop Mac Loads.
Reboot to 7, checked boot.ini and chain0 entry is still there lol and chain0 file is still in root. So im assuming for some reason that 7 setup did not wipe XP completly. but i would like to understand why.
Anyway cheers for you help mate, im off to play with 7048, which is running nice on my netbook