I have also gone through this stage of multibooting and I can tell you that it is a good thing. It's the only way to know if a particular distro is better for you than the one you currently use. Having said that, a few thoughts about how to do it:
1. You NEED to read this article in distrowatch:
http://distrowatch.com/weekly.php?issue=20040614 It will tell you everything you need to know (almost).
2. I have asked (and been asked) about having just one /home partition for multiple distros and the answer I get (and give) is that it's generally not a good idea. Better to have one partition per distro, and a common partition to share files back and forth. If you have windows on your system, you should make the common partition a fat32 partition, so you can share there, too. Do all your partitioning with QTparted from a knoppix live cd.
3. You need to make sure whatever *nix you want to install doesn't require a primary partition. Windows requires a primary partition. So does Solaris. All LINUX distros that I know of will be okay with an extended partitions. See the link above for more on this.
4. You mention Linspire. I installed it and found that its installer was so user-friendly that it wouldn't let me select what partition to install it on (OK for a noob on a single-distro box). I seem to recall it had a funny way of numbering partitions (not the typical /dev/sdax way) You might have better luck. I didn't care for Linspire at all.
5. If you really want to get a good flavor of linux, go with an rpm-based distro (Suse, Fedora, Mandriva), a deb-based distro (Debian, Ubuntu, Kubuntu), Slackware, and Gentoo. What you will find is that most rpm-based distros are very similar, deb-based ones are similar, and then Slackware and Gentoo are each on another level. Xandros is pretty easy to install and I think is deb-based.
6. You'll want to install Windows first and then pick a "primary" distro, which is one that will have it's bootloader writtent to the mbr. I like lilo, some people use Grub. Use whichever you find easier. Lilo is used in the distrowatch article.
other than that just have fun. post back if you run into problems.