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Maxtor DM10 w/ 16MB buffer (6B250S0/6L250S0) - fastest 7200RPM drive across the widest variety of tasks.
WD2500KS - fastest 7200RPM drive in modern application performance, somewhat behind Maxtor in legacy applications, but runs much cooler and quieter.
Both can be had for less than 50 cents/GB in 250GB capacity.
Tom's liked the T7K250. Isn't hasn't been on SR's bench yet. All the data I've seen suggests that it will be a worthy drive. The 125GB platters endow it with high transfer rates, and it runs very cool and quiet. However, I haven't seen any application level tests on it, so I can't comment on performance. Hitachi has always had excellent seek performance, but provision for an 8MB buffer puts it at a disadvantage performance wise when compared to the 16MB drives that are now available.
anandtech compared the t7k250 with WD and samsung drives and the t7k250 is the better of those 3. Plus the WD doesnt have native ncq not that it means anything because I havent seen a good use for NCQ yet