Dual booting is a great option, I dual boot with xp & Ubuntu.
If your Ubuntu Cd is a live cd, you can boot from it to test it and then install it from there. The installation wizard is pretty easy, just follow the prompts.
Here is a tutorial if you want to look at it first:
http://www.psychocats.net/ubuntu/installing Quote:
Originally Posted by Haras1188 If I do this, do I have to separate my hardrive? I'm not really sure what the risks are in general, eg. will I have to backup files first and re-load them onto the computer once the new operating system is in place?
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The installation wizard will have prompts of what you want it to do, then it will automatically partition the harddrive for ubuntu.
I would back up any data you don't want to lose, (Although I didn't as I had just bought my computer a short while before.

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Have fun!
Don't hesitate to ask questions here if you want. I don't know all that much but others can help out as well.
PS. I'll have a Mod move this to the correct area.