Can I get rid of the "lost+found" folder?

Filesystems (ext3, reiser, xfs, jfs) comparison on Debian Etch

Partition capacity

Initial (after filesystem creation) and residual (after removal of all files) partition capacity was computed as the ratio of number of available blocks by number of blocks on the partition. Ext3 has the worst inital capacity (92.77%), while others FS preserve almost full partition capacity (ReiserFS = 99.83%, JFS = 99.82%, XFS = 99.95%). Interestingly, the residual capacity of Ext3 and ReiserFS was identical to the initial, while JFS and XFS lost about 0.02% of their partition capacity, suggesting that these FS can dynamically grow but do not completely return to their inital state (and size) after file removal.
Conclusion : To use the maximum of your partition capacity, choose ReiserFS, JFS or XFS.

Does this account for it in part? And as stated above, a certain part is reserved for root. You can change it…