For those with a Fry's Electronics nearby, I found an in-store  
special on a Seagate 500G external drive yesterday that seems a  
decent deal: 7200rpm drive with a 16Mbyte cache in a nicely designed,  
quiet fan cooled enclosure (comes with a stand for vertical  
standalone use or can be stacked with others horizontally), includes  
two FireWire ports and a USB 2.0 port. $240 complete.

At that price, it's cheaper than any of the 500G bare drives and a  
decent enclosure that I've found locally, is competitive with buying  
online but less hassle. I bought one, formatted it and loaded it up  
with 240G of data last night. Formatted capacity (Mac OS X Extended &  
Journaled) came out to 466G. It performed quickly and flawlessly.

Godfrey

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