Best file system for a hard drive to be accessed from OS X and Windows

[Spanky Deluxe]

I've just got my MacPro and am about to start installing Windows. I've got three 300GB drives on here all formatted in NTFS. I need to go through them, sort them out and then reformat the drives in a file system that's readable by OS X and Windows. OS X says that you can only format 32GB drives with FAT32 although I'm sure that's not correct. A large chunk of the data is video content, I don't think I have many (if any) files over the FAT32 maximum file size limit.

Do you reckon FAT32 would be the way to go?

 

[Eraserhead]

OS X can format very large hard drives as FAT32, though above 200GB or thereabouts I'd split it into smaller partitions as I got kernel panics on my iMac with a 250GB FAT32 partition.

MS deliberately limited FAT32 to 32GB in XP so people would use NTFS (which only works with Windows ).

Of course FAT32 is limited to 4GB files, so with larger files format it as HFS+ and get MacDrive for the relevant PCs.

Other than that use FAT32.