I just bought this drive from tesco for £50 - £45 after the missus discount: Iomega Prestige Portable Hard Drive - 250 GB - external: Amazon.co.uk: Electronics & Photo I wanted a portable one so decided to get this and sell my 3.5" 500Gb later. Capacity isn't an issue. The drive seems to be formatted to NTFS. When I right click 'Format' all I get is the option for NTFS. I think I need FAT32 for playing files on the 360/PS3. My 3.5" was formatted to FAT32 and I get the option to change it to NTFS, I'm just wondering why it's any different with my new drive, and if it can be done (fingers crossed).