Right click on the drive and select Rename to change the name. This can only be done directly with hard disk partitions.
http://www.vistax64.com/tutorials/120247-drive-name-change.html
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.
Hi,
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?
thx
Kami

Chowhound
Comic Vine
GameFAQs
GameSpot
Giant Bomb
TechRepublic