I would think FC5 can do that, the application you are looking for though is QTParted.
this comes on Knoppix BootCD's, and works a dream. Just make sure when you create various partitions, you create Primary Masters for all, then partition tools like this works wonders - if extended partitions exsist, you will encounter problems.
Dont like Fedora? - I saw that it had options for partitions, must I selected the Remove all Linux partition one and create default blah bllah blah.. or the create custom?
Microsoft never documented the NTFS disk format fully (far more complex than the simple DOS FAT32) except to those companies that made disk utilities and signed a NDA (Non Disclosure Agreement).
There is a NTFS filesystem in Linux but it is very buggy and might destroy your NTFS partition hence most distro's don't ship with it.