I'd like to partition my 148GB iPod so that one partition has FAT32 and the other NTFS, because it keeps complaining when I try to copy files larger than 4GB(HD Movies, etc) under FAT32.... I'd like to make a 10-20GB FAT32 partition just for the ipod software and music, and 138-128GB NTFS Partition for data and other stuff, to get rid of the FAT32 limitation.

any Help will be greatly appreciated, if this is not the right place to ask please redirect me.

Thanx in advance guys....

it is very possible and a simple google search will give you the answer

You can use iTunes to partition iPods to have a data partition which you will then see in My Computer.

Do that and then format it as NTFS.