Sony has a series of new USB flash drives that will have storage capacities of up to 64GB. That may not be external hard drive size, but it allows you to carry a lot in your pocket. It comes in your choice of black or white and will be available in 4GB, 8GB, 16GB, 32GB and 64GB capacities.
It comes with File Rescue and x – Pict Story, which will let you retrieve accidentally deleted data and create an automated photo presentation. No info on price yet.