Your drive is NTFS-formatted, since it comes from a Win NT machine, and this is a big promblem for Mac compatibility. AFAIK, a Mac could read FAT-formatted disks, but not NTFS ones.
Do you have a NT boot disk ? ( a Win98 boot disk may work too)
If so, you should restart your PC with your boot-disk and try
If your drive isn't damaged beyond repair, this should rescue it.
If you don't have a valid bootable diskette, try mounting your drive on another PC as a slave drive ( removing the CD-ROM if necessary ) , in order to run some disk tools ( Norton Utilities for PC are available as trialware on the web ).
I had the same problem last month, and my IT people gave me the same answer: We have to format the drive and ghost a standard config. ( and no, they didn't try either)
FYI, VPC can't use a whole drive, it let me only select a VPC drive-file.
Hope this helps.