Question about SMART

[Bruno Wolff III]

On Sat, Jul 09, 2011 at 09:33:46 -0700,
  Paolo Galtieri <pgaltieri at gmail.com> wrote:
> I have 2 Seagate FreeAgent Go 1Tb drives.  These are portable drives 
> that get their power through USB.  Both these drives are about 1 year 
> old.  Every time I login I get a notification that both these drives may 
> be going bad.  The reason is too many bad sectors.  One drive is 
> formatted as it originally came, i.e NTFS the other was reformatted as 
> Ext4. I have checked both drives using Seagate's tools (in non 
> destructive mode) as well as checking the NTFS one in Windows 7.  No 
> problems where reported.  The question is should I really believe what 
> SMART is telling me or is it just  stupid :-)
> 
> There are no disk errors reported or any other issues that might 
> indicate the drive is going bad.

It might help to see the smartctl output.