It’s always been a personal pet peeve that large USB drives come shipped from the factory formatted with FAT. I have to reformat my MP3 player semi-regularly because it is a 30 GB Fat (something) partition.
The first thing I do with a new USB flash drive is to try to format it with NTFS. Today, I noticed that there was a new file system choice: exFAT. In short, it is designed for mobile devices and USB flash drives, where using NTFS may not be possible. exFAT supports partitions beyond 32GB.