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The GoFlex Satellite is a rather light portable HDD that feels about the same size as most other compact external hard drives these days. A good comparison would be Western Digital's My Passport SE for Mac. With the ice cream sandwich-like exterior, it fits in well with the design of most other current iOS mobile devices.
However, don't let that fool you into thinking this is an iPad/iPhone-only accessory. Seagate is targeting this device at Android tablet and smartphone owners as well.