Driver Magician Lite is freeware, it identifies all the hardware in the system, extracts their associated drivers from the hard disk and backs them up to a location of your choice. Then when you format and reinstall/upgrade your operating system, you can restore all the "saved" drivers just as if you had the original driver diskettes in your hands. 

Difference between Driver Magician and Driver Magician Lite

Feature	Driver Magician	Driver Magician Lite
Support Windows 98/SE/ME/2000/XP/2003/Vista/7/x64
Device drivers backup
Device drivers restoration
Device drivers update
Device drivers removal
Live Update device identifier database and driver update database
Detect unknown devices
Back up more items such as My Documents and Desktop
Clone all drivers to an auto-extracted package (.exe)
Clone all drivers to an auto-setup package (.exe)

Download Driver Magician

Download Driver Magician Lite

Download Portable Driver Magician Lite