Xbox and 500GB Hard Drive

Anyone with a modded 'Box--

Would a 500GB drive be supported and for all intents and purposes work well?  I've had a 200GB drive for a while now and need more space as it's filled to bursting.  If any of you have this setup, I'd also be interested in knowing about how many gigs E,F, and G format to.  Do F and G just expand to forever, or do you have to create an H or something?

Oh yeah, and I don't think there are but--ARE there any internal HD's over 500GB?  That's the largest I was able to find on Newegg, but if any larger exist, it'd be nice to know now...

>>6
I don't have an HDTV, but I've got a pretty nice flatscreen.  I'd say the slight hit it takes in quality is worth it.  I hate crouching over my monitor to watch shit, I'd rather sit back and relax on the couch.  I rarely notice with videos; the only annoyance really is roms, which look blurrier than I'd like (I'm a Simple2x kinda guy--I love pixel-perfect emulation).