WD Caviar Blue and Windows 7 64bit won't recognize

I just purchased this hd and can’t get it to function.  I checked system devices and the hd is listed and so is the driver (working properly), but when I check MY Computer, the hd is not listed?  Looking for a good answer before the blue makes me really blue

A new drive needs to be partitioned and formatted.

Using Disk Management in Windows 7 and Vista: