The drive should be formatted, if necessary, to HFS+ using the DIsk Utility in OS X if the drive is to be used exclusively for OS X.
If the drive is to be used exclusively for XP, then NTFS is the way to go.
If both the computers are going to share the drive, then you have a choice.
Either format the drive as FAT32 and both machines can read and write
or
Partition the drive and format one of them as HFS+ and the other as FAT32 (MS-DOS in Disk Utility)
Then connect it to the XP box and format the FAT32 partition as NTFS.
I believe XP requires NTFS to work correctly.
Remember that Windows cannot read or write to HFS+ while the Mac can read but not write to NTFS.
Firewire 800 will give the fastest throughput, followed by FW400 and USB. While USB has a theoretically higher throughput than Firewire 400, it can only achieve that speed in bursts. FW400 can maintain a higher continuous speed.
It is likely that the software on the drive is for Windows machines only. You will see when you plug it in. If you get the message that the drive will need initializing, then you will lose whatever is on the drive. However, if the drive is formatted FAT32, it will mount correctly and you can take a look at the included software. Drag it onto your desktop before you format the drive HFS+.
Currently you cannot Dual Boot from an external drive. By dual boot I assume you mean Windows and OS X.
You should already be doing backups of your data, regardless of whether you have an external drive or not.
IMO, backing up the OS does not really help a lot. You have the OS X installation disk which contains all the applications that came with the machine, you have all the CD/DVD's that hold the applications that you purchased, so the important stuff that needs backing up is that which you have created, music/photos/movies/documents/etc.
Backing up your HOME folder will cover just about all of the above.
Good luck
P
I just bought a LaCie 500 GB HD for use with my iMac and PC. This drive has a USB port and FireWire 400 and 800. Which, if either, will give the fastest transfer rate? Obviously I have to use the USB port with my PC.
The software that comes with the system states in part that it has "...bootability and professional backup software, it?s designed for professional performance. Easily back up, archive or exchange all of your files, videos, MP3s and JPEGs or upgrade your PC or Mac with additional capacity..."
I assume the software will allow the formating of the drive for a Mac and a small Windows partition. With any OS on the drive it will be bootable.
Is it possible that it will allow me a dual boot after starting the iMac? If I back up XP to this drive I'm wondering if XP can be restored to the NTFS partition?
No doubt the software that comes with the drive will answer these questions, however, since I won't receive the drive until late this week or next and given the fact this is my first external drive, I am curios as to just what options I'll have.
I'm also wondering whether I should do a full back up of OS 10.4.10 now, or wait for Leopard and use the Time Machine? If the software that comes with the drive allows incremental back ups I suppose I wouldn't need to lay out the bucks for the Leopard OS???
Any comments or suggestions would be appreciated.

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