FAT32
usa apenas 28 bits não 32. Quatro bits são "reservados para uso futuro".
Portanto, uma partição FAT32
tem uma contagem máxima de cluster de 268.435.455 (2 28 -1)
Although VFAT was a clever system, it did not address the limitations of FAT16. As a result, a new file system (and not just better FAT management as was the case with VFAT) appeared with Windows 95 OSR2. This file system, called FAT32 uses 32-bit values for the FAT entries. In fact, only 28 bits are used, as 4 bits are reserved for future use.
With the appearance of the FAT32 file system, the maximum number of clusters per partition went increased from 65535 to 268,435,455 (228-1). FAT32 thus allows much bigger partitions (up to 8 terabytes). Although the maximum theoretical size of a FAT32 partition is 8 TB, Microsoft has voluntarily limited it to 32 GB on Windows 9x systems to promote NTFS