Yes. Some antivirus programs may wrongly detect it as a virus, but it is not.
I had the exact same problem with my own computer. Apparently, Windows 7 doesn't work that well with Windows XP's boot loader (when dual booting). I solved the problem (well...sort of) by booting into my Windows 7 partition, Installing EasyBCD (http://neosmart.net/dl.php?id=1) and adding Windows XP to the boot loader again. The only thing is that when ever I boot into Xp (which is rare now) and then shut down, the Windows 7 boot loader is erased an I have to recover the computer with the Install DVD.The Windows Boot Loader begin erased may or may not happen to you, but it mayBest of luck with it,~Dex1010
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