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Installing Windows XP on Toshiba L40-14B PSL4CE No-OS
Done on 07.02.2008... It works!

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During the entire process DO NOT try other "solutions" to solve the YELLOW SIGNS that you could see if you open Device Manager!
JUST INSTALL DRIVERS AS SHOWN BELLOW!
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STEP 1.
a) You need a functional system to download all drivers in the list bellow (you will need broadband but the connection speed is awful - my max. was 15.4 KBps and I have an "industrial" line!).
b) Make a custom, bootable, .iso image of WinXP (+SP2) by using a WinXP Kit, the SATA drivers, the programm called "nLite" and Nero Burning ROM (see links bellow). "nLite" will guide you step-by-step through the process of making this image (it's really simple and you don't need any scrips, etc.!).

Links:
drivers - http://eu.computers.toshiba-europe.com/cgi-bin/ToshibaCSG/download_drivers_bios.jsp?service=EU;
nLite - http://www.nliteos.com/download.html.

Needed drivers list:
1. Chip Set Utility;
2. Display Driver;
3. Hotkey Utilities for Display Devices;
4. LAN Driver;
5. Modem Driver (UK);
6. Sound Driver;
7. Storage Manager;
8. Touch Pad Driver;
9. Wireless Lan Driver (Realtek).

STEP 2.
a) Turn-on the wireless hardware (switch on the down-front side of the notebook, right under the LED's - I'm sure it does nothing (the LED next to the switch does not light and the wireless NIC appears to be on all the time) but it's better to prevent...). If you don't, the driver for wireless card could be incorrectly installed (see step 4, point 6 bellow).
b) Power on your Toshiba and put the new burned WinXP CD in the notebook DVD-unit, then:
Restart -> F12 -> select the DVD-unit as the first boot device.

STEP 3.
Install WinXP from your CD.
The good news is that the Ethernet NIC will be recognized by-default (it's a Realtek 8139!). Transfer drivers from the first computer into your notebook.

STEP 4.
Install XP Drivers, following this sequence:
1. ChipSet Utility - Intel Mobile Chipset (20-11-2007)
Restart.

2. Display Driver - Mobile Intel 965 Expres (20-11-2007)
DO NOT click in the "Found new hardware wizard" window that appears for a short time!!!
Restart.

3. MS WinXP Patches - KB888111xpsp2 from the C:\...\Sound\MSHDQFE\Win2K_XP\us folder (you don't need the other one KB235...!).

4. Sound Driver - Realtek HD Audio (20-11-2007)
Restart.
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You will still have no sound, BUT:
go to Device Manager;
"System devices" should be expanded and you will find there a "PCI Device ..." with a YELLOW SIGN;
right-click on it -> "Update driver..." -> answer the Wizard prompts:
- No, not this time
- Install from a list or specific location ...
- Include this location in the search -> Browse -> C:\...\Sound\WDM (the path to your sound driver folder);
a new device will be installed, then a "Found new hardware wizard" window will appear again and ...
you will have to answer the wizard prompts like above BUT the path will be: C:\...\Modem (the path to your modem driver folder)!
a new device wil be installed.
Restart.
Now you will hear the first sound from your notebook and, ofcourse, the...
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5. Modem Driver (UK) - Toshiba software modem (20-11-2007) will be installed!!!

6. Wireless LAN Driver - Realtek RTL8187B (20-11-2007)
Restart.

7. ATK0100 ACPI Utility (Hotkey Utilities for Display Devices) - driver + utility - ASUSTeK Computer Inc. (20-11-2007).
Restart.
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At this point you should see NO YELLOW SIGNS if you open the Device Manager!!!
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8. Touch Pad Driver - Synaptics (20-11-2007).
Restart.
DONE!