Considering you can pick up 250GB external hard drives for like $150 now days, I'd go with that. You don't have to worry about the media going bad or the cost of good blank media.
However, if you do go with a DVD burner, I recommend the NEC drives and Taiyo Yuden media. A major advantage of going the burner route is that you can also "back up" all your DVD movies.
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