Yup - my background also.
I've never seen the asterik, but I've never looked for it. There is overhead on a fresh drive though that does eat into the capacity. There is a low level format that is beneath the level of the operating system. Then there is the filesystem you're refefring to. I guess I'm not familiar with today's marketing practices, but it used to always be that the unformated drive capacity is what was advertised and that was before the low level format - what we used to call the hardware format. Then you put the filesystem on top of that and lost even more capacity. Today you put microsoft products on top of that and lose all of your capacity...
It's easy enough to figure the real capacity though. Number of bytes per sector multiplied by the number of sectors, and the number of cylinders. I suspect if you do this on any disk drive it will not come out to an even MByte or GByte count.
It is a rewarding feeling, isn't it?