T-SQL (SS2K8) :: Convert Non-delimited Column Value Into Rows

I have a scenario wherein one of the column values in a row contains a string value which is non-delimited (as shown below). I need to split them by 2 characters and generate as many rows as count of set of 2 digits in that string.

Current record

RecordID Name CountyList
1 ABC 00
2 CDE 01020304
3 XYZ NULL

Expected output:

RecordID Name CountyList
1 ABC 00
2 CDE 01
2 CDE 02
2 CDE 03
2 CDE 04
3 XYZ NULL

I already have a solution in place to run it thru cursor and then do a while loop on the CountyList column by taking 2 digit value using Substring function (keeping start position dyanamic and jumping 2 positions).