Seems a fair price for a 1TB USB 3.0 portable.
Store description: The Toshiba Canvio® 3.0 Portable Hard Drive is bigger on the inside than the outside. The 1TB hard drive can store 285,000 images, 263,000 mp3s, or 820 movies - not bad for something so small. It uses a 3.0 USB interface, is portable and comes with a stylish design.
Various reports on the web, suggesting this is a 5400rpm drive.