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Pros: USB 3.0 - fast transfer. 1TB storage. Fits in a shirt pocket. I was going to buy a 64GB flash drive for $40, but decided to go with a 1TB portable for $60. I'm delighted, that I can carry around so much - All my Coursera videos, my favorite Linux VM setup, and off course my documents, browser bookmarks, passwords, etc. And this drive is small enough, it doesn't add much weight to my laptop bag.
Cons: It would be nice to have a small case. I'm using an old camera slipcase.