Actually no, $25 with the King Kong, plus a guarantee that it works under USB is a deal. I have a "new one" that I bought for $34, and the USB was not working. Every few months these come up for about $30. The last great deal was a few bucks more with either Heroes or BattleStar Galactica 1st season in HD.
It is supposedly a nice drive, my paper weight will hopefully be part of an HTPC soon.
HD-DVD isn't dead, it just has no life after 2007. So for 30 or 25 bucks, and the great deals on HD discs it is a great way to build up a library.