Installing new SSD. Question

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http://hardforum.com – Hi all I currently have a 40gb SSD with Windows 7 Installed. I have a standard 500gb HD as my storage drive. I've recently purchased an SSD 128 gp. Can I install it as my main drive with out losing everything on my 500GB drive? I realize they are two independent drives. But if I install the new 128gb SSD do I have to delete everything on my 500gb or will it be recognized (Hardware)