if you dont have access to your 2 tb drive and with this color in the disk managment (and options), the only way to have access is create at least one partition and than format this partition (ntfs with your xp 64 bit and with this size)
was this harddrive ever been in use? (perhaps there are personal files still on hd)
if this is a new one:
--> yes, it you want to use your 2 tb drive...