Welcome to the club dude. There is a class action lawsuit filed against IBM. Nine victims have joined thus far. Alas, I do not have a link, but I'm sure there's someone on these boards that can point you out to it.
I know there have been a whole lot more people than those 9 with the problem though. I see threads on the 75gxp on AT forums, Tom's Hardware, and many other places. Luckily I've never owned one, and from all the horrible things I've heard, I never will own an IBM drive. Maxtor has been good to me for five long years. I am thinking of jumpin the Maxtor ship for one of those new WD drives tho.