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eBay with Buy.com has the Iomega eGo 500GB USB 3.0 Portable Hard Drive for $55 with free shipping. Fully utilizes USB 3.0 with speeds up to 5 Gbits/s, but is also backwards compatible with USB 2.0.
$55
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Seem to be one of the more reliable brands. Still, check consistency after 30 days. Most defective disk failures occur within that time period.