see the hd spec.
the real transfer rate - to/from media, sustained OD, sustained ID of 7200rpm are 25% more than 5400rpm of the same series.
assume the price difference is 10-15%, you pay 10-15% more and get 25% more real transfer rate, isn't it a good deal?
it's not wise to buy 5400rpm for just $10-20 saving. even for just mp3 storage, don't you want to play/copy/write the mp3 files as fast as possible? unless you're building an extremely cheap system, you could consider buying 5400rpm.
check hot deals forum, there are often hot deals on 7200rpm hd, the price is even lower than same size 5400rpm.