I have most of the required tools such as Acronis True Image and Acronis Disk Director
That's good since it changes how you can accomplish this task and makes it much easier.
You will not need the XXclone software that I previously mentioned. Instead, you can use your Acronis Disk Director and the Operating System Selector that is included with it to do the full job.
Use Disk Director to shrink your existing partition to allow creating a new partition of adequate size (perhaps 1.5 X existing total data size). Format the newly created space and assign it a drive letter if none was assigned.
Then use Disk Director to clone your operating to that new partition.
Then use the Operating System Selector feature to set up the boot menu that will appear when booting.
After testing to see that you can boot each system, you can boot to the clone system and proceed to use Disk Director to hide any/all partitions as needed. You will be able to easily hide the other operating system partition which XP won't ordinarily allow unless you take extreme measures.
While still booted to the clone system, you can also password protect entry into the Disk Director software. That way, clone users can't modify any setting you have made.
Then you can boot to the boot menu screen and password protect your personal system entry on the menu so that only you have access. You may choose to leave the other entry without a password or assign one if you like.
Although you likely don't need to be warned, be sure to make a hard copy of all passwords created and store it safely.
Then you can boot to the clone and uninstall any items that you need so as to customize the system for others to use. You can delete your own user id and create a new one for whomever will be using the system.
I think that satisfies the requirements that you stated. Post any questions you may have, I'll check occasionally.
Dude
EDIT, I think you need Acronis Disk Director version 11 in able to do the cloning part of the operation so if you have the older version 10, you'll have to use XXclone for that after all.