There is also this 80GB external USB 2.0 / ethernet hard drive for $99 after rebate. Looks like a good deal. Apparently you can buy many and use them as one large volume if you wanted.

Yes, USB 2.0 devices should work on USB 1.1 hosts but obviously their speed suffers.
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-Rob Riccardelli
80GB 16MB MK2 090000736