It's actually not the best really.. See below.1. It is best to use windows own disk formatter to do the formatting job.
This is why its not a good idea to use the Windows formatter. If you use a tool like Rufus or Fat32FormatGUI it will allow you to format drives of any size to FAT32.. USB flash drive up to 32GB can be used on PS3 console with MBR stuff in it. If you're using 64GB and above, you won't see FAT32 formatting options on the windows disk formatter. Force formatting to FAT32 actually giving much problems.