I've seen BSOD's caused by malfunctioning USB devices, overheating processors, bad memory, and bad hard drives. Your BSOD is probably caused by hardware malfunction since it happens during the installation of windows.
The Stop codes can be useful... sometimes... if not, try this:
Make sure the CPU fan is spinning freely.
The BIOS sometimes has a health monitoring section that shows CPU temp and hardware error logs that can give you some hints to the problem.
Unplug all non-critical usb devices.
Test your RAM with Memtest (comes with most linux live CD's)
Check the S.M.A.R.T status of your hard drive
1Have you been able to read what the BSOD says? – Chris Thompson – 2010-05-27T00:13:37.697
Are you upgrading or doing a clean install? Are you installing while in a current windows install or booting from the CD? – Daisetsu – 2010-05-27T00:18:16.093
@daisetsu:booting from the Cd, trying to install xp with windows 7 RC installed. – soul – 2010-05-27T00:40:29.697