You can try following the steps in
this post first as that might get PostgreSQL running for you.
If it doesn't, could you please either create a
support request containing the last few files in the C:\Program Files\PostgreSQL\8.3\data\pg_log\ folder or just post them here? You shouldn't need to reinstall PostgreSQL, and that data will tell us what's happening when PostgreSQL is trying to start.
(Though if you do want to just reinstall from scratch, you can follow
this tutorial to do so.)