I think that you might want to check out StompSoft's PC Backup. This software will allow you to pick and choose which items you want to back up as well as let you create a bootable disaster recovery CD/DVD that can restore your applications and OS when used in tandem with a regularly created backup file. Here is a link to more detailed information :
http://www.stompsoft.com/pc-backup/pc-backup.html
www.stompsoft.com