The newer WD Green drives are fine for that. You might have to disable the feature that parks the heads frequently, but that's the most space for the buck that's also a reliable drive. Seagate has big cheap drives, but the quality of that company is pretty bad.
The WD Black drives would work too, but that's way overkill for the kind of use you were asking about. I set up a HTPC for my parents with a Green drive to record to, and then it will copy to a larger server a week later. It's easily able to record several HD quality tv shows at the same time with no troubles keeping up.
For my part, I've had three different Seagate, and one Hitachi drives fail over the past ten years or so and never had a WD drive fail. They have lasted me long enough that I just had to throw them away because the space they provided was too small.
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