It looks like I lost the CD drive, the video controller, and the PCI device drivers (attached.) The found new hardward wizard is unable to find the drivers and it terminates with a not found error. Unfortunately, since the VM doesn't see the CD ROM drive I am unable to do a windows repair as you suggested.
Parallels version: 4.0.3810 (January 23, 2009)
Parallels vm info attached
Windows PC info attached.
Mac info:
Hardware Overview:
Model Name: Mac Pro
Model Identifier: MacPro1,1
Processor Name: Dual-Core Intel Xeon
Processor Speed: 2.66 GHz
Number Of Processors: 2
Total Number Of Cores: 4
L2 Cache (per processor): 4 MB
Memory: 16 GB
Bus Speed: 1.33 GHz
Boot ROM Version: MP11.005C.B08
SMC Version: 1.7f10