Alright. Hard Drives are essentially a magnetic disc inside of a metal enclosure with a fixed amount of rotational speed.
Essentially it takes more time for a 5400rpm drive to rotate the disc to access data than a 7200rpm drive.
Higher the rpm, the better generally.
rpm = Rotations Per Minuit.
5400rpm drives are plain horrible and can leave you frustrated waiting for things to load, unfortunately in the laptop world 5400rpm drives are pretty much in every Laptop and is the sole reason why they feel slow.
But, they are cheap. :)
http://www.newegg.com/Product/Product.aspx?Item=N82E16822136835
Or a Hybrid (5400/7200rpm+Flash memory.)
http://www.newegg.com/Product/Product.aspx?Item=N82E16822178340
Worst thing though is plonking down a massive wad of cash for a new system, loading it up with a few programs and then realizing it doesn't feel any faster than your old machine. :P
With the old drive, whack it into an external hard drive enclosure for backups. :)

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