Not sure if this is a mis-price as it seems to be quite a good deal really even if you get it just for the memory stick.
Compatible with iPhone 4, iPhone4S
Stylish, protective and ergonomic design with soft rubber touch
Integrated 8GB USB memory drive
Perfect for student coursework and business users
Box Contains: SAEM S7 Protective Case, 8GB USB Memory Drive
Write Speed: 6MB/sec
Read Speed: 17MB/sec