Ordered mine a week ago and paid $10 more than this price. It arrived in 7 days. Australian seller. 3 year factory warranty.
This is an archive drive, it has comparatively slow write times, but good read speeds. It is good for backups, storing movies, music, photos etc. It will not perform very well in a storage array eg RAID.
Here's a comprehensive technical review and comparison.
http://www.storagereview.com/seagate_archive_hdd_review_8tb
Affordable Active Archive Hard Drives for Cloud Storage
Industry's first high-capacity hard drive designed for cost-effectively storing active archive data and cloud content .
High-density 8TB hard drives for petabytes of affordable and accessible long-term online storage
Enables significant system-level TCO savings with best cost-per-TB
Maximum storage efficiency with lowest watts-per-TB
Reliable, low-power data retrieval based on Shingled Magnetic Recording (SMR) technology
RV-balanced for high density environments
Cost-Effective High Capacity 8TB Hard Drive
Lowest cost/TB online data archive solution for petabytes of growing archival storage helps to ensure affordable long-term data management.
SMR-enabled technology ensures efficient and economical cold storage operations even in the harshest data center environments.
Energy-Efficient High-Density Cloud Hard Drive
The 3.5-inch Archive HDD is optimized for cold data storage with the lowest power consumption and the on-demand, time-to-ready PowerChoiceTM feature.
Supersized capacity, energy efficiency and lowest TCO
. Seagate brings over 30 years of trusted storage reliability to the growing need for online long-term storage.
. Industry's best cost/GB/watt 8TB hard drive . Engineered for 24?7 workloads of 180TB per year
. Drive down costs with up to 1.33TB-per-disk hard drive technology.
. SATA 6Gb/s interface optimizes burst performance
. Seagate AcuTracT servo technology delivers dependable performance.
. Free Seagate DiskWizardT software allows you to install 5TB, 6TB and 8TB hard drives in Windows without UEFI BIOS.
. Seagate SecureT models provide hardware-based data security and deliver an Instant Secure Erase feature for safe, fast and easy drive retirement.
. Seagate Secure models meet the NIST 800-88 media sanitization specification and also support the Trusted Computing Group (TCG) standards.
Best-Fit Applications
. Cost-effective online archiving
. Object storage
. Big Data cold storage
. Cloud active archive
. Web-scale archiving
How slow are we talking?