SQL Server 2008 Installation Error wait on the database engine recovery handle failed

trying to install sql server 2008 on windows xp sp3 machine.visual studio 2010 ultimate is already installed in the system.it is showing "wait on the database engine recovery handle failed".

this is the error log file

Overall summary:
  Final result:                  SQL Server installation failed. To continue, investigate the reason for the failure, correct the problem, uninstall SQL Server, and then rerun SQL Server Setup.
  Exit code (Decimal):           -2068643839
  Exit facility code:            1203
  Exit error code:               1
  Exit message:                  SQL Server installation failed. To continue, investigate the reason for the failure, correct the problem, uninstall SQL Server, and then rerun SQL Server Setup.
  Start time:                    2012-12-22 18:39:34
  End time:                      2012-12-22 18:54:35
  Requested action:              Install
  Log with failure:              D:\Program Files\Microsoft SQL Server\100\Setup Bootstrap\Log\20121222_183819\Detail.txt
  Exception help link:           http%3a%2f%2fgo.microsoft.com%2ffwlink%3fLinkId%3d20476%26ProdName%3dMicrosoft%2bSQL%2bServer%26EvtSrc%3dsetup.rll%26EvtID%3d50000%26ProdVer%3d10.0.1600.22%26EvtType%3d0xE53883A0%400xBE03358B%401306%4024

Machine Properties:
  Machine name:                  SURESH-EFFBC419
  Machine processor count:       2
  OS version:                    Windows XP
  OS service pack:               Service Pack 3
  OS region:                     United States
  OS language:                   English (United States)
  OS architecture:               x86
  Process architecture:          32 Bit
  OS clustered:                  No

Product features discovered:
  Product              Instance             Instance ID                    Feature                                 Language             Edition              Version         Clustered 

Package properties:
  Description:                   SQL Server Database Services 2008
  SQLProductFamilyCode:          {628F8F38-600E-493D-9946-F4178F20A8A9}
  ProductName:                   SQL2008
  Type:                          RTM
  Version:                       10
  SPLevel:                       0
  Installation location:         D:\Documents and Settings\suresh\Desktop\toPen\Visual Studio SQL\SQLServer2008EnterPriseSoftware\x86\setup\
  Installation edition:          ENTERPRISE

User Input Settings:
  ACTION:                        Install
  ADDCURRENTUSERASSQLADMIN:      False
  AGTSVCACCOUNT:                 NT AUTHORITY\NETWORK SERVICE
  AGTSVCPASSWORD:                *****
  AGTSVCSTARTUPTYPE:             Automatic
  ASBACKUPDIR:                   Backup
  ASCOLLATION:                   Latin1_General_CI_AS
  ASCONFIGDIR:                   Config
  ASDATADIR:                     Data
  ASDOMAINGROUP:                 <empty>
  ASLOGDIR:                      Log
  ASPROVIDERMSOLAP:              1
  ASSVCACCOUNT:                  <empty>
  ASSVCPASSWORD:                 *****
  ASSVCSTARTUPTYPE:              Automatic
  ASSYSADMINACCOUNTS:            <empty>
  ASTEMPDIR:                     Temp
  BROWSERSVCSTARTUPTYPE:         Automatic
  CONFIGURATIONFILE:             D:\Program Files\Microsoft SQL Server\100\Setup Bootstrap\Log\20121222_183819\ConfigurationFile.ini
  ENABLERANU:                    False
  ERRORREPORTING:                False
  FEATURES:                      SQLENGINE,CONN,SSMS,ADV_SSMS
  FILESTREAMLEVEL:               0
  FILESTREAMSHARENAME:           <empty>
  FTSVCACCOUNT:                  <empty>
  FTSVCPASSWORD:                 *****
  HELP:                          False
  INDICATEPROGRESS:              False
  INSTALLSHAREDDIR:              D:\Program Files\Microsoft SQL Server\
  INSTALLSHAREDWOWDIR:           D:\Program Files\Microsoft SQL Server\
  INSTALLSQLDATADIR:             <empty>
  INSTANCEDIR:                   D:\Program Files\Microsoft SQL Server\
  INSTANCEID:                    MSSQLSERVER
  INSTANCENAME:                  MSSQLSERVER
  ISSVCACCOUNT:                  NT AUTHORITY\NetworkService
  ISSVCPASSWORD:                 *****
  ISSVCSTARTUPTYPE:              Automatic
  MEDIASOURCE:                   D:\Documents and Settings\suresh\Desktop\toPen\Visual Studio SQL\SQLServer2008EnterPriseSoftware\
  NPENABLED:                     0
  PID:                           *****
  QUIET:                         False
  QUIETSIMPLE:                   False
  RSINSTALLMODE:                 FilesOnlyMode
  RSSVCACCOUNT:                  <empty>
  RSSVCPASSWORD:                 *****
  RSSVCSTARTUPTYPE:              Automatic
  SAPWD:                         *****
  SECURITYMODE:                  SQL
  SQLBACKUPDIR:                  <empty>
  SQLCOLLATION:                  SQL_Latin1_General_CP1_CI_AS
  SQLSVCACCOUNT:                 NT AUTHORITY\NETWORK SERVICE
  SQLSVCPASSWORD:                *****
  SQLSVCSTARTUPTYPE:             Automatic
  SQLSYSADMINACCOUNTS:           SURESH-EFFBC419\suresh
  SQLTEMPDBDIR:                  <empty>
  SQLTEMPDBLOGDIR:               <empty>
  SQLUSERDBDIR:                  <empty>
  SQLUSERDBLOGDIR:               <empty>
  SQMREPORTING:                  False
  TCPENABLED:                    1
  X86:                           False

  Configuration file:            D:\Program Files\Microsoft SQL Server\100\Setup Bootstrap\Log\20121222_183819\ConfigurationFile.ini

Detailed results:
  Feature:                       Database Engine Services
  Status:                        Failed: see logs for details
  MSI status:                    Passed
  Configuration status:          Failed: see details below
  Configuration error code:      0xBE03358B@1306@24
  Configuration error description: Wait on the Database Engine recovery handle failed. Check the SQL Server error log for potential causes.
  Configuration log:             D:\Program Files\Microsoft SQL Server\100\Setup Bootstrap\Log\20121222_183819\Detail.txt

  Feature:                       Client Tools Connectivity
  Status:                        Passed
  MSI status:                    Passed
  Configuration status:          Passed

  Feature:                       Management Tools - Complete
  Status:                        Passed
  MSI status:                    Passed
  Configuration status:          Passed

  Feature:                       Management Tools - Basic
  Status:                        Passed
  MSI status:                    Passed
  Configuration status:          Passed

Rules with failures:

Global rules:

Scenario specific rules:

Rules report file:               D:\Program Files\Microsoft SQL Server\100\Setup Bootstrap\Log\20121222_183819\SystemConfigurationCheck_Report.htm