This deal has ended.
Buy.com has the Fantom Titanium 120gb External Hard Drive for only $49.95 after a $25 mail-in rebate valid through 12/19. If you pay via Google Checkout, you'll get an extra $20 off $50 discount, cutting the price to $29.95. This is the lowest price to-date on a 120gb external drive ($0.25 per gigabyte is a unbelievable). Plus, shipping is free and there is no sales tax (except CA, MA, MD, TN).