GoHardDrive.com has the Ineo NA202U 320GB 8MB Cache 5400RPM Ultra Slim Stylish USB Pocket Hard Drive Retail for $50 with free shipping. Features a 8MB buffer, 9 ms seek time, 5400 rpm speed, and a 1 year warranty.
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This is honestly baconnaise. I got a 640GB one with a 2.5" form for 63 dollars.