Brian and Andy
Brian said
You still have three partitions called "FreeAgent GoFlex Drive". That will cause confusion as you will have to look inside each partition to see what folders are present. I don't feel partition labels should be duplicated (triplicated).
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Andy said
I've got several black MyBook USB drives that all look identical. Each was given the same name when I plugged them in, similar to yours, and it got confusing. I went into the copy room, got several different colors of Post-It notes, then stuck them on my USB drives. Each drive is subsequently labeled 'pink_USB', 'blue_USB', 'green_USB', etc. My coworkers get a kick out of my colorful array of drives.
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These GoFlex labels are for external hard drives and were set up when the EHDs were connected to the system. See my 2/1/12 post of an image of disk management. The drive that has no label is a hidden partition on C. Ghost reads this as DellUtility(*.\) for backups. Thanks to redk6258 for his help with this post.
For the Ghost backups I followed the user's guide instructions to nickname each drive I:, J: and M:, as A, B, C. Now that I have the Ghost backup folders labeled with the nick names I can identify the EHD by nickname by opening up the drives on the SRD and looking for the Ghost back up file labeled as A, B or C. This avoids the confusion of SRD reassigning drive letters that are different than assigned by the Windows registry. I have also attached labels to each drive as suggested by Andy but not Andy's imaginative color scheme.
Query/Comments:
I am trying for the best solution in consistency from my PC drive labels that morph into different labels on the SRD.
I think Yogi Berra said "If you don't know where you are, do don't know where you are going" or something like that. 
Andy: Did you rename the EHDs on your PC to equal your colorful labels? When you use the SRD how do you determine which MyBook is equals to the colorful labels? I don't remember if the SRD shows the "GoFlex" name or only the drive letter.
Brian: What would be your solution to my multiple label issue?
Thanks very much. Great discussion.
Bob