This deal has ended.
B&H Photo Video offers the Western Digital My Passport Essential SE 1TB Portable USB 2.0 External Hard Drive, model no. WDBABM0010BBK-NESN, for $119 with free shipping ($0.11/GB). That's the lowest total price we could find by $10. This drive has a 2MB cache and runs at 5400 rpm. There is no sales tax (except in NY).