I actually have retrospect, it came with the One Touch that I One Toasted

so I'd be able to use it that waay.
Ok, so here is the final outcome. Maxtor support sent email recommending I go to a data recovery service, got a couple of quotes just to see, they are like $1200.
The main work that was in progress on the drive, I had mastered to CD prior to this, and while there was other data that was useful and will be missed I can live without it at that price, and the new case for the drive was my next plan.
I found a case I liked, so ordered two, both came to about $US 90 with shipping. Arrives two days later.
The new case has a fan and an LED, it's cool it looks like this:
Tonight, I disassemble the Maxtor unit successfully, it definitely seems like the 'fried electro smell' is isolated to the controller circuit board attached to the case.
I remove the hard drive, disconnect the power and ribbon cables, and set it into the new case, connecting it's power and ribbon cables.
This all goes fairly smoothly. I connect the DC power (the power supply has a *completely* different type of plug

) to the new case with the transplanted drive, and turn it on.
But the LED is blinking, this doesn't seem right, and the fan is spinning weakly and only periodically "wirr wirr wirr", the LEDs are blinking regularly, which seems a little odd.
The USB cable is plugged into the notebook. I check the drives visible to the OS. No external drive is indicated. Uhhrrg. This is the bad thing I did not want to see.
I disconnect the disk drive from the from the power supply to the case, the fan runs continuously "weeeeeshhhh" and the LEDs are on continuously, which I'm guessing is normal behavior. The drive does not seem to be spinning--- with the drive in the power chain, something is not right, seems like the drive-based circuitry *is* cooked also.
So, drat. I'm sure the platters are OK, ha the data is definitely safe

and I'll put some nice HDs in these cases and declare it could be worse
thanks again for the replies.