Smoking fast bootable external SSD on a budget.
I used a 128GB Crucial CT128M4SSD2 2.5-inch SATA 6GB/s and hooked it up to my Seagate Portable GoFlex Thunderbolt adapter, and it works flawlessly.
I installed OS X to the drive and booted to it, and ran a myriad of tests. No problems. And is this thing fast! It boots from the external drive from the option menu to login in about 9 seconds. Much faster than using the twin 7200 RPM LaCie LittleBigDisk RAID 0 drive.
It makes a great testing-ground drive for my Dev work.
Cost for 128 GB external SSD setup:
$124.00 for the drive
$99.00 for the Thunderbolt adapter (which I already had, and use)
$46.00 for the Thunderbolt cable (which I already had)
$269.00 TOTAL if starting from scratch
That's a heck of lot less than Elgato's or La Cie's solution. I'd put the crucial in a case, but I'd need a donor housing from a Seagate GoFlex.
Granted, it's not as "pretty" as the Elgato
Mac OS X (10.7.2), MBP 13" OS X & Win7(Fusion) 2.66 C2 Duo, 4.0GB RAM, 320 HDD