installed a second hard drive, simple volume: Yes or No?

so i got myself a new Seagate Barracuda SATA 500 GB HDD and right now i can't access it from My Computer.

a few minutes of searching on google and i find out i need to format it from the Computer Management tool in Admin. tools.

i just have one major question before i begin formatting:

is a "Simple Volume" good for storing files (i.e games, videos, pictures, etc)?

i'm going to create 3 partitions/volumes on this new HDD so i want to know if making 3 simple volumes will suit my needs.

thanks for any replies!

also the new HDD is currently a dynamic disk, going to do some more searching around.