This MS KB article may help-it's likely to be a hardware issue.
Setup stops responding with 34 minutes remaining
http://support.microsoft.com/default.aspx?scid=kb;en-us;828267

Javier wrote:

>Hello everyone!
> I was running windows 2000 on my laptop and decided to upgrade to windows
>XP. The install was going great up untill the point where only 34 mintues
>remained. From there the computer just freezes and refuses to continue
>installing. I have tried several times already and it still keeps freezing
>at that same point. Since the install deleted my windows files, I figured I
>would try re-installing windows 2000 again, but when I try that route, I get
>a corrupted file message and I can't install 2000 either. Has anyone
>encountered this before and If so, what can you suggest?
> Thanks in advance!
>Javier C.
>
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