Quoting Haines Brown (haines@???):

> With a sector of 512 bytes, it fat32 is apparently limit to 2 Tb. I'm
> unclear whether a limit on the number of files becomes a problem. Vfat
> might be analternative.

VFAT _is_ FAT32, just with a very dodgy long-filename extension.

Of possible historical interest: The user group editorial from
1995 when I sleuthed out the fairly ghastly details:
http://linuxmafia.com/faq/Legacy_Microsoft/win95-bn.html#vfat