Yes, I set the jumper to master, and the BIOS recognizes the drive as primary master. It's not a SATA drive.
No, I haven't updated the BIOS. I'll try that.
The board:
http://www.ecsusa.com/products/k7s5a.html
The drive:
http://www.seagate.com/cda/products/discsales/marketing/detail/0,1081,579,00.html
My old drive:
IBM Deskstar 7200 RPM 40 GB Hard Drive