Microsoft doesn't have the needed drivers on their CD. I'd recheck the install instructions from Promise to see if you need to press a F6 or other key during install to slip in some diskette with drivers. You'll also run into this with non-Intel chipsets. Again an expert's only type install with drivers on diskettes at the right steps.
Just FYI. There is no step by step instructions that match your hardware (unless you are very lucky.) I only find GUIDES.
In closing, another issue is you have only "XP". XP without the integrated SP1 or SP2 does have disk size limits that could also be at issue.
I have an ASUS mb with a Promise PCI RAID
controller connected to two WD1200 using
RAID 1. The BIOS on the RAID controller
is FastTrack TX2000.
When I use a Windows XP setup CD to boot,
it loads a bunch of drivers and invites
me to install Windows XP. Then it says
that it can't find a hard drive and invites
me to reboot.
What should I try?