External cases like that are commonly available. They rely on AC adapters for power. Typically, only laptop HDDs can run on the power available from a USB port.
...which touches on why there are not a lot of 7200RPM external drives. Typically, the bottleneck is the interface, most often including USB2.0. Unless you are using USB3.0 or eSATA, you will not see a measurable speed improvement for a higher-RPM drive.