Fedora Installation :: Cannot Open Volume For Direct Access

I am using a Dell Inspiron 14R laptop that came with Windows 7 Home Basic. The partitions of my hard disk before installing Fedora 15 were:
Dell (OEM Partition)
OS (C: ) (Primary Partition)
RECOVERY (Primary Partition)
New Volume (E: ) (Logical Drive)

I tried shrinking my C: drive (which has Windows) but couldn't do so hence performed the procedure on E: instead. I did this to create a 15GB unformatted space to install Fedora in. While installing Fedora, I chose the option "Use Free space" under Disk Partitioning Setup but the OS got installed in E: drive. Currently, I am able to use both Windows and Fedora under dual-boot but the problem I am facing is that when working with Windows, I am unable to see drive E: in Computer.

Windows Disk Manager is able to detect the partition and is showing it to be healthy (1st screenshot). Its name now is New Volume and neither am I able to change its path or letter (Error: incorrect parameters) nor am I able to check it using "chkdsk" (Error: cannot open volume for direct access/ GUI doesn't work as well) (2nd screenshot). On the other hand, I am able to access both the partitions in Fedora.

Another point to mention is that after finishing the installation of Fedora, when I started Windows, the Disk Manager as well as Dell DataSafe showed that the Windows Recovery drive had been formatted (maybe inappropriate terminology!) and was no longer retrievable. To rectify this problem, I restored my Windows to before Fedora was installed and I seem to have got the Recovery drive back (1st screenshot) (before doing this, it was nameless and empty).