The password settings in the BIOS (F2 setup utility) have nothing to do with windows passwords.
Is there an error message right before you get the
Press F1 to continue? Normally you only get that if an error is detected; if it shows a keyboard error, you are hitting F8 too soon. Try this:
Tap F8 as you have been, then hit F8 right after hitting F1; so have one finger over the F8 key, hit F1 and start tapping the F8 key. Hopefully that will get you to the options screen to choose Safe Mode. At that point, the Built in Administrators account should be available to choose. If you can log in with that, you can reset the password on your normal account, or see if it's just disabled for some reason. Assuming that whatever affected your account didn't also affect the built in Administrator account.
You could do a repair install from the CD, however that does not change existing passwords -- only way to do that is to do a clean install, which will mean deleting all your files.
You could try booting with the CD, and going into the Recovery Console. If your system uses a SATA drive though, the Recovery Console might not be able to see the hard drive unless you can provide the SATA driver on a Floppy disk.
If you can get into the Recovery Console, you could then edit the boot.ini file to force safe mode if you can't get there by tapping F8. To do that you would enter the following commands:
bootcfg /list (note the space before the /)
You should see something like this:
[1] "Microsoft Windows XP Home"
OS Load Options: /fastdetect
OS Location: C:\Windows
Note the options on the OS Load Options line
bootcfg /add This will list the windows installs it finds, usually just the one at C:\Windows
Then it will ask 3 questions:
Select installation to add: enter
1 Enter Load Identifier: enter
Windows XP Safe Mode Enter OS Load Options: enter the options noted above, then add the following:
/safeboot:MINIMAL (space before the /)
Remove the CD and exit the Recovery Console (type exit), let the system reboot, you should get an OS Choices screen that will list the Safe Mode option we just added. Use the arrow keys to select it and press enter.
Jerry