Dell has the Western Digital WDBABV7500ABK-NESN Elements SE 750GB USB 2.0 Portable Hard Drive (black) for $80 with free shipping. The 2.5" drive is powered directly from the USB port. Dimensions: 5" x 3.1" x 0.6".
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I have the 640GB version. The only drawback is that it does not come with any backup software. You have to rely on either your OS (works with Macs too) or download a freebie off the internet. I use SyncBack.
SyncBack is good. The full SE version is better, but the free version is enough for simple backup.