This deal has ended.
Buy.com has the Iomega 1TB USB 2.0 External Hard Drive for just $229.95. One terabyte is the equivalent of 1000 gigabytes, and large enough to suit almost anyone's needs. It's compatible with both PC and Mac, and at this price, you're paying about $0.23 per gig. Shipping is free, there is no sales tax (except CA, MA, MD, TN), and new Google Checkout users can get a $10 discount for signing up.