I\'ve used both PowerQuest and Ghost...both are very useful tools (after installing as many OSes as I have to do at work, I was very eager to start imaging drives), but in my experience, I prefer Ghost because it runs a lot faster, as well as offering the option to burn an image to cd/s or to load directly to and from the network. Now, I haven\'t used the PQ 2k2, so it might work faster now, but as far as I know, it\'s a straight up disk image/copy alone.
As far as the volume key using ghost, it does take on the setting from the original image. I was even at one time able to activate 24 instances of Office 2k on the website using a single verification key. Yes, we do have legal licenses, but this was before we got our volume product keys.