OEM means that that OS is legally bound to that computer, and you are getting a price break because of that. If you get a new computer, legally, you cannot take the OS with you.
When you start upgrading parts on your computer, Windows Activation may decide that you HAVE a new computer and require reactivation. However, a hard drive upgrade wont do it. Windows Activation uses a point system to calculate what things you CAN change until it decides you have a new computer. Read this for more info.
http://www.aumha.org/win5/a/wpa.php
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