http://cgi.ebay.com/NEW-320GB-NOTEBOOK-LAPTOP-HARD-DISK-DRIVE-2-5-SATA-PS3_W0QQitemZ370093134335QQcmdZViewItem?hash=item370093134335&_trkparms=72%3A1205%7C39%3A1%7C66%3A2%7C65%3A12%7C240%3A1308&_trksid=p3286.c0.m14
http://www.gamepro.com/article/features/127009/how-to-swap-out-and-upgrade-a-ps3-hard-drive/
Have a look at this site. Tells you how to install a new PS3 Hard Disk Drive. To my knowledge, you need a 2.5" SATA HDD, @ 5400RPM or 7200RPM. So it looks like that Hard Drive would work. But I wouldn't buy from eBay, use http://newegg.com if you live in USA.
http://www.newegg.com/Product/ProductList.aspx?Submit=ENE&N=2010150380%201309733643&name=320GB
(A list of 320GB Hard Drive's from Newegg - You take your pick. As long as they are a 2.5" SATA Hard Drive with 5400RPM or 7200RPM it's fine).
+ Western Digital WD Caviar RE 160GB IDE Hard Disk Drive HDD WD1600SB, Cable Adapter Converts IDE Power Supply Molex 4-pin for SATA Hard Disk Drive, 5", 320GB HDD Hard Disk Drive for Microsoft Xbox 360 Slim, Replacement 30GB Hard Drive Disk HDD +Tool for iPod Video Microsoft Zune WQOT089, Western Digital External Hard Disk Drive 320 GB My Book, Western Digital Scorpio BLACK 320GB WD3200BEKT SATA 2.5" Hard Disk Drive 7200RPM, Black Removable 3.5" SATA Serial ATA HDD Hard Drive Disk Mobile Rack Mount, Seagate Momentus 320GB SATA ST9320421AS HDD Laptop Hard Disk Drive 2.5" 7200RPM, Seagate Momentus 320GB SATA ST9320423AS HDD Laptop Hard Disk Drive 2.5" 7200RPM, 120GB IDE Hard Disk Drive for Dell OptiPlex GX270 w/Windows XP Pro & Office 2010, Toshiba MK3265GSX 320GB SATA Internal HDD Laptop Hard Disk Drive 2.5" 5400RPM, Toshiba 320GB SATA Internal 2.5" 5400RPM HDD MK3263GSX Laptop Hard Disk Drive, Dual Hard Disk Cooling Fan for Sata Hard Drive HDD IDE, USB 1.8" Hard Drive Disk HDD ZIF Metal Enclosure Case for Toshiba & Hitachi, Seagate Momentus ST320LT007 320GB SATA 2.5" 5400RPM HDD Laptop Hard Disk Drive, Hitachi 320GB SATA HTS725032A9A364 HDD Laptop Hard Disk Drive 2.5" 7200RPM, Seagate Momentus 320GB SATA ST9320423AS 2.5" 7200RPM HDD Laptop Hard Disk Drive, Seagate Momentus 320GB SATA ST9320320AS HDD Laptop Hard Disk Drive 2.5" 5400RPM, USB 2.0 to 1.8" 2.5" 3.5" IDE & SATA Hard Disk Drive Converter Cable - Fast Ship, 40GB IDE Hard Disk Drive for Dell OptiPlex GX260 with Windows XP Pro Office 2010, Western Digital Scorpio 320GB SATA 2.5" WD3200BEVT HDD Hard Disk Drive 5400RPM, 2.5" SATA To USB2.0 Hard Disk Drive HDD External Case Enclosure, Q-See QT518-1 Q-SEE 8 CHANNEL H.264 DVR W/1TB HARD DISK DRIVE (HDD) (Z1 ss3), Hitachi 320GB SATA OEM HTS7725032A9A364 Laptop HDD Hard Disk Drive 2.5" 7200RPM, 80GB IDE Hard Disk Drive With Caddy Dell D610 Laptop, DELL 500M 600M HARD DISK DRIVE CADDY 0R931 WITH 30GB HD, Hitachi 320GB SATA HTS723232A7A364 Internal Laptop Hard Disk Drive 2.5" 7200RPM, Hitachi 320GB SATA OEM HTS723232L9SA60 Laptop HDD Hard Disk Drive 2.5" 7200RPM, DELL LAPTOP D500 D600 HARD DRIVE CADDY WITH 60GB HD IDE HARD DISK, Dell - Western Digital 120GB SATA Laptop HDD Hard Disk Drive (J692J), AC Power Adapter for LaCie d2 Hard Disk/ Drive more USA, + Seagate Barracuda 7200.10 ST3160815AS 160GB SATA Desktop HDD Hard Disk Drive, IBM Thinkpad 570 OEM Laptop 12.1" HDD Hard Disk Drive Caddy with Screws & Cover, + Fujitsu 250GB SATA Laptop Hard Disk Drive HDD MHZ2250BH, Toshiba 250GB SATA Internal 2.5" 5400RPM HDD MK2552GSX Laptop Hard Disk Drive, Toshiba 250GB SATA Internal 2.5" 5400RPM HDD MK2546GSX Laptop Hard Disk Drive, Toshiba 250GB SATA Internal 2.5" 5400RPM HDD MK2555GSX Laptop Hard Disk Drive, Seagate Momentus ST9250421AS 250GB SATA 2.5" 7200RPM HDD Laptop Hard Disk Drive, 250GB Hard Drive Disk For Xbox 360 Slim 250 GB HDD. FAST FREE SHIPPING, Western Digital Scorpio 250GB WD2500BEVS Hard Disk Drive 5400RPM HDD SATA 2.5" , Western Digital BLUE 250GB WD2500BPVT Hard Disk Drive 5400RPM HDD SATA 2.5" , + 3x Western Digital WD Caviar SE 160GB SATA Hard Disk Drive HDD WD1600JS, Seagate Momentus ST9250315AS 250GB SATA 2.5" 5400RPM HDD Laptop Hard Disk Drive, Hitachi 250GB SATA HTS543225L9A300 Internal Laptop Hard Disk Drive 2.5" 5400RPM, Hitachi 250GB SATA HTS543225L9A300 Internal Laptop Hard Disk Drive 2.5" 5400RPM, USB 2.0 3.5 INCH SATA External HDD Hard Drive Enclosure Case HARD DISK, Samsung 320 GB,Internal, 2.5" Laptop Sata Hard Disk Drive, Toshiba MK1032GSX 100GB SATA Internal HDD Laptop Hard Disk Drive 2.5" 5400RPM, Hitachi 100GB SATA HTS721010G9SA00 Internal Laptop Hard Disk Drive 2.5" 7200RPM, USB 3.0 3.5 SATA HARD DRIVE ENCLOSURE EXTERNAL HDD DISK,