Cannot Unmount or Eject Time Machine Volume?
Solution: Set Time Machine's backup disk to "None", and then either reboot, or just yank the drive if you're in a hurry (not recommended). When you come back up, the drive should be unmountable.
Yes, I realize that you can always manually "unmount" the drive by yanking the cable, but if you need to get in there with Disk Utility to repair or partition the drive, you'll be unable to, unless you go through the solution discussed above.
12" PowerBook G4 and Core Duo Mac Mini, Mac OS X (10.5), Airport Express, iPod nano (1G), LaCie Mini 500 GB