Right click on the drive and select Rename to change the name. This can only be done directly with hard disk partitions.
is a link that describes the way to do hard drive partitions AND removable drives. The latter need to be changed in the REGISTRY, so you are on your own. A mistake in a registry change can cause your machine to die, so back up the registry before any changes.
when i installed win7, the some of drive letters become just new drive, etc, the name that i have given in xp doesnt appear in win7, same is the case with flash usb drive, any body have the solution why this happiness?