Instead of buying an already packaged solution, you could buy a much cheaper internal drive, and then find a cheap external enclosure to put it in, creating exactly the same thing, often for considerably less. Not to mention you have the flexibility to, one day down the road, replace the drive with one of higher capacity. About the only drawback, is the lone external enclosure might not look as nice, but I usually stick them somewhere out of sight anyway.
I want to buy an external harddrive. I have found the following deals at deals2buy.com and would like to have your opinion on which is best for the price or if you have any other suggestions, please let me know:
1) Seagate 120GB USB 2.0 Portable 2.5'' External Hard Drive - ST9120801U2-RK