Iomega website has an 48x24x48 external cdrw for just US 69.95. I heard that this drive is just a Liteon IDE in USB casing, but still I think it is a pretty good deal.
Office Depot also has the same drive for about 100 bucks and a 30 dollars mail-in rebate (70 bucks after rebate). I wonder if I can print out the Iomega advertisement and bring it to the store to get the drive for 70 bucks without rebate.