hard drive failing?

I have a 320GB hard drive that's about a year old, It has windows and a few movies on it. When it boots it gets a FAIL_TO_MOUNT_BOOT_VOLUME error. I reset it a few times and boots fine. It isn't making any weird noises or anything but I'm worried it might fail soon

Is it a sign of a failing hard drive (it's a cheap seagate one) or is it a software thing?

fsck or chkdsk, noob