I 've taken out the hard drive, connected it to a laptop or desktop via a USB adapter, formatted it and used it in other PCs either as a slave or primary drive.
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I'm ok with that, but first I'd like to rule out the possibility that someone has converted it to a time machine or other useful gadget. But thanks!
If it works, you could freecycle it.
Basically, pass it on to somebody else for free: http://www.freecycle.org/