If you so desire, you could roll your own, for a lot less than that. Buy a 250 gig drive and an enclosure ($40), and you are good to go, for a lot less than they want. I have a 160GB external drive I built this way that has been going strong for about a year now.
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"Good people do not need laws to tell them to act responsibly, while bad people will find a way around the laws."
--Plato
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