I have just discovered that ext3 defaults to reserving 5% of its partition exclusively for root, as a precaution measure that your system does not get FUBAR when you use it for your root partition. I have a 230GB external USB disk that I use for all my big storage requirements, downloaded stuff, backups etc. Due to this reservation I had 11.5GB of unusable disk space, thankfully this is easy to fix:

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