I had a similar problem with my laptop last week.
al of a sudden it started to crash, the crashes became more frequent until suddenly, nothing.
it's last crash ended up creating the blue screen at windows XP's welcome message and also it started to crash whilst windows was loading up.
being a qualitfied expert in computing, i tried to fix the laptop, i did everything i possibly could a part from take it a part to fix (id void my warranty).
i ended up reinstalling windows, using the recovery console to back up any important files that i needed, i didnt save them all.
now it still crashes :-( . the moral of the story? BACKUP YOUR FILES. NOW!