Yep. The doc is old, but it still applies to all 'NT'-style OSs including Win2k and XP.
Assuming bootsect.dos is at C:\ you then make a boot.ini that looks like
Code:
timeout=30
default=multi(0)disk(0)rdisk(1)partition(1)\WINDOWS
[operating systems]
multi(0)disk(0)rdisk(1)partition(1)\WINDOWS="Microsoft Windows XP Home Edition" /noexecute=optin /fastdetect
C:\ = "Windows 98"
Actually, I'm not sure if 'bootsect.dos' is W95-specific. There's a reasonably thorough page here. You need to go through the bootsector shuffle anyway.