If your XP installation is on an NTFS volume then yeah, there are a lot of alternatives. To simply hide a folder, right click on it> properties. At the bottom of that page is an attributes list and you can hide it there. To see it again, Open Windows Explorer, Tools> Folder Options, go in there to show hidden files.
EP, glad to see you come back and tidy up...did want to ask a one day favor, I want to enhance my resume , was hoping you could make me administrator for a day, if so, take me right off since I won't be here to do anything, and don't know the slightest about the board, but it would be nice putting "served administrator osnn", if can do, THANKS