I'm not sure if this will do as you ask nick, but if you boot up that System, and then load Windows System Config, Start\Run\Enter "msconfig" (no quotes) and hit OK.
If you select the BOOT.INI tab, and then "Check All Boot Paths" it should check the two options you have, and tell you one is defunct and ask if you want to delete it.
And I appear to have a duff one myself, although the Recovery Console is installed: