Martoch, try tapping the drive on the side lightly with a 5 pound hammer.
OK, with the plastic end of a small screwdriver. Seriously. To errr...dislodge stuff. The heads sometimes get stuck.
Is your important stuff (mp3, pics) on that drive? I'm sure being the thorough and careful guy that you are you must have backed them to a CDs/DVDs. So all you have to worry about is a lousy $50 40GB drive. Right?
So sense getting bent over it.
Just tap it lightly on both sides and try.
If this fails, throw it away.