Tiger Direct has the Western Digital WDBPCK0010BBK-NESN Elements SE 1TB USB 3.0 Portable Hard Drive for $80 - $30 rebate [Exp 11/30] = $50 with free shipping. Rebate is valid now as Tiger Direct is on Eastern time. Features password protection and encryption options, USB 2.0 and 3.0 compatibility, and measures 3.1"W x 4.43"D x 0.75"H. Circuit City has it for the same price.
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Mail-in rebates suck but if you are already looking for a 1TB portable, it's a good deal.
Mail-in rebate + Tiger Direct = Bad news.
Poor ResellerRatings marks.
Notice that when someone leaves a detailed 1 star review, it's quickly followed by a very short "Tiger Direct is the best company on the planet" review....Tiger Direct is leaving comments for itself to counter all the negatives?....
http://www.resellerratings.com/store/Tiger_Direct