I was about to create a new thread but decided to resurrect this one instead.

So I bought a 16GB USB key last weekend for $9 thinking it would be good for "transferring large files" to my PS3. What I failed to realize at the time was FAT32 has an ~4GB file size limit so the only way to get these files on the key would be to format it NTFS, which then my PS3 wouldn't be able to read - catch22.
I like carrying a USB drive on my key chain at all times, but I already have a ruggedized 1GB stick that seems to do the job for me so I'm starting to think maybe I should consider this new key to be a $9 upgrade to my system.
Are there any more people out there who have tried this out and if so what are you're results? I'll probably try it out tonight regardless but I just wanted to get some more opinions as well.