<< FAT32 is competent? That would be like using a rock for a pillow, and not a smooth nice rock... >>
I guess I should have qualified my statement by saying: For a microsoft file system, FAT32 is pretty competent.
Personally I prefer Ext3, but that wasn't option. It's nice to use a filesystem that doesn't fragment itself to death. I haven't found a microsoft FS yet that couldn't kill itself in a month without proper maintenance.