<<FAT32 will be a little faster and may use a little less disk space (especially on a small partition). NTFS offers file security, and is much less likely to suffer from corruption then FAT32.
Most of the additional features of NTFS are really only useful in a corporate setting, but I do find the lower probability of file corruption appealing. >>
FAT32 does not use less disk space, NTFS uses a Lot less disk space, NTFS uses 512 byte clusters vs. 4096 for FAT32 (on the smallest partition) up to 8 gigs, after 8 gigs, FAT32 uses 8192 byte clusters. FAT32 is a zillion times more likely to corrupt files...
I wouldn't say NTFS is good for a corporate environment at all. If you like stability, use NTFS.