Is it just me?

[seer]

My windows XP folder size is currently 1.47 GB !  :-o How on earth is that possible? I dont have the nerves to try delete something

I'd suggest you take a look at XPlite

It allows you to not only deinstall things like IE, Mediaplayer 6/7, soundfiles screensavers, but also the "File Protection DLL cache", "Pre Fetch Cache (Often used programs that only gets bigger), and the Windows tour (22Mb for something hardly anybody has seen...) ... A bit expensive, but it does help..