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Yes, doing a hard reset will put the device back to factory settings. It will clear all of the data in your RAM (programs/OS/anything else on there) and reload WM2003SE from ROM. Hard resetting also does not touch anything else you may have stored in your ROM (aka Built-In Storage) or SD Card.
The companion CD that came with the x30 was for installing Outlook 2002 and Activesync on your desktop (along with other random programs for your x30). As you can purchase Outlook separately from the x30 and can download Activesync for free, I wouldn't worry too much about not having the CD. I lost mine three years ago and am doing fine still. :o
Oh yeah, if you are gonna sync up your x30 with any other device, don't forget to install the Daylight Savings Fix on it for this year.
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My already outdated To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. ! ---> Unused after switching to Nokia n800
x30 Thumbboard driver link (as Belkin graciously doesn't deign to use up space to support it anymore):
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