ATA 66
Well, as you probably know, you connect all your IDE devices (Hard drives, CD-ROM, etc) to your motherboard via an IDE chain cable. Older computers (with ATA 33 or less) use a cable that has 40 conductors in it. To get faster burst speeds with the ATA 66, you need the appropriate ATA 66 cable that has 80 conductors in it. ATA 66 cables are usually blue, not grey and are around $15, not $5. There isn't really any better way I know of to tell the difference, except cutting one open. If you're in doubt, fork out the $15 and return it if it doesn't make any difference. Some hard drives now are ATA 100 capable, and those require a different cable too. Also, if you installed the drive yourself, you want to make sure your motherboard is ATA 66 capable, too. You should be able to check this in the manual, or go into the BIOS and look in UDMA settings for your hard drive. If you have the option for UDMA type 5 (I think?!) then it is capable.
But, I want to stress that those type of pops really sound like an IRQ conflict to me! Even with a slow hard drive, you should be able to record two tracks at a time without pops! Hope this helps....
Ben