I too have had this problem but it now seems fixed. I'll outline what I experienced with the hard drive failing though in case it is actually a different issue than what many of you are experiencing.
I have a 300gb WD passport. I purchased a season of Weeds while staying with my parents over the holidays. I put the episodes as well as my photos from the trip on the drive. I was able to use the drive just fine on my iMac at home. Last time I used it there was yesterday morning.
Last night, I tried copying the episodes to my iBook while housesitting. Every time I started to copy and paste, the drive would auto-eject, the action would stop processing (getting 400mb into 9gb done) and occasionally I'd also get an error that stated I didn't have permissions to perform the action.
I'm not a computer god. I was fairly certain my drive didn't have permissions set-heck, there isn't even a lock slider thing-a-ma-bob on the side like most larger drives have. I googled and found this forum, which unfortunately didn't give me the warm and fuzzies. Fortunately for me, all the files I need are still on Mom and Dad's system but it would take months for them to send my way. I'm just glad I don't have this issue with any backup drives (knock on wood).
As a somewhat last resort, I ran disk utility and verified the disk first (said it was fine) and then repair (still said it was fine) and voila! It works. I don't know why. I don't really care, I'm just glad it works. (I also downloaded the disk manager software from WD in case it could do something but the disk utility route worked before I installed it)
Maybe this too will assist someone else, even though using disk utility is probably the first thing smart people do 🙂
In case it matters, I'm running 10.5.8 on both machines...they're both 5+ years old and can't run 10.6, boohoo 😟
Message was edited by: sarush...changed h-e-double-hockey-sticks to heck since it was starred out. Whoops.