Here's our Windows XP Tip for.. March 28, 2005
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No NTFS Floppies
When you right-click drive A, icon and choose Format in Windows XP Explorer, the only option appears to be a FAT format.

This is correct. You can't format a floppy using NTFS. When you format a floppy disk using Windows XP, even when your system uses NTFS, the floppy gets formatted with FAT.