QUOTE(mattcam @ August 16 2007, 09:08 PM)

Colin, I like everything you said EXCEPT sealing the drive in a plastic bag.
Most definately definately keep it in a sealed air and water proof bag. However, make friends at your local shoe store (Payless, DSW, Walmart even) and ask the clerks if they have any of those silica gel packets and that if possible you'd like a few. Usually they have mounds of them laying around and they end up just throwing them out. And if for some reason they don't want to give them to you can pull them out of the shoes. Keep that in the sealed bag, I also saran wrap around the bag and tape it up as a "just in case"
Also if you don't want to bother the nice shoe store employees you can go through, buy some kitty litter or that puddle drying stuff from home depot and tape a coffe filter sort of bag and fill it with the kitty litter, and include that. You can also use a cheese cloth instead of a coffee filter.
But please please please make sure it's air and water tight or if the place you're storing gets humid you're likely to ruin the drive.