Fat32Formatter is freeware and made by TOKIWA to format drive larger than 32GB to FAT32, which means it can walk around the OS restriction that you can format drive to FAT32 only the size up to 32GB on Windows2000/XP/Vista/7.
simple and instructive UI
it can set and delete partitions as well
neither installation nor DLLs is needed
Windows 7 supported