I've had too many external drives fail--three 250GB drives by Lacie and one by Maxstor. I just do not believe those drives are designed to be on 24/7.
I highly recommend the Terastation RAID boxes. The 1TB version is down to $600, and nets you about 700GB with RAID5 protection. I used to run a commercial RAID drive, which sounded like a 747 taking off and I had to put it in a soundproof enclosure in my garage. The Terastation is very quiet, and I'm just fine with it sitting on the shelf across the room.
I highly recommend the Terastation RAID boxes. The 1TB version is down to $600, and nets you about 700GB with RAID5 protection. I used to run a commercial RAID drive, which sounded like a 747 taking off and I had to put it in a soundproof enclosure in my garage. The Terastation is very quiet, and I'm just fine with it sitting on the shelf across the room.