This icon is part of the Manager for the HD, for setting up RAID and so on. It comes, probably on the disk itself rather than a CD, in a .dmg file called 'WD
DeviceManager' (or it did with my WD drive, yours might be slightly different) and you can remove the icon using it. I did look for the elements of this program and couldn't find it, so I doubt you can remove it manually.
If you've managed to trash this installer you may be able to download it from the WD site: go to this page and select your drive:
http://support.wdc.com/product/download.asp?level1=1&lang=en