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If write speed isn't a top priority, the Western Digital MyBook is a good deal at around $300 for a 500GB drive. It'll look good on your desk or bookshelf, too.
On CNET Labs' test bench, the 500GB MyBook was very sluggish when writing, via both FireWire 400 and USB 2.0 connections. The drive took almost 36 minutes to write our 10GB test folder, about three times slower than other hard drives with the same specs. On the other hand, in the read test, the MyBook drive took slightly less than 10 minutes to get the job done, which was the fastest among all of the external hard drives we've tested.
The Western Digital MyBook comes in a very sleek design that is shaped like a medium-size book and weighs about the same. It features a button in front that activates the bundled Retrospect backup software. The coolest thing about the MyBook drive is that the button has a round, blue LED ring around it that indicates the amount of space available on the hard drive.