New Hard Drive installed

I just installed a new Seagate 1TB HD as my second drive. In the near future I want to set up a multi OS booting, Vista, Windows7 and later Linux.
Vista is on my C: drive and I wonder if I should load Win7 and Linux an the first two partitions of the second drive or create two new partitions on Drive 1 and install them there.
Also
Partition Wizard Home Edition v5.0 shows Disk 2 that the first partition is *: and that it is unallocated, Capacity 7.88GB, Used 0GB, Unused 7.88GB, Status None and Type as Logical. Should these settings be changed?

Thank you
 

My Computer

System One

  • Manufacturer/Model
    Dell Dimension 9200 (Dell DXP061)
    CPU
    Intel Core 2 CPU 6320 @ 1.86GHz
    Motherboard
    Dell
    Memory
    4 GB DRR2
    Graphics Card(s)
    NVIDIA GeForce 8600 GT220 1024MB
    Sound Card
    On Mother Board- Integrated Sound Blaster Audigy HD Software
    Monitor(s) Displays
    Dell 22 inch Wide Screen Digital Flat Panel & Acer 1916 LCD
    Screen Resolution
    Dell 1680 x 1024, Acer 12080 x 1024
    Hard Drives
    500GB Serial ATA 3Gbs/sec (7200RPM)
    1TB Seagate (7200RPM)
    1 TB Fantom HD Back_Up (7200RPM)
    PSU
    APC Back-UPS ES 750
    Case
    Dell
    Cooling
    Dell - 2 Fans
    Keyboard
    Logitech MX5500
    Mouse
    Logitech Laser Bluetooth
    Internet Speed
    Linksys Wireless-N PCI
    Other Info
    Upgraded from 2 to 4 GB Ram
    Added 1T Seagate HD Inside
    Added 1T Green Drive eSATA External BU HD
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