I take it everything freezes when you access it at all (for instance to see its properties). Does it freeze while it is being connected?
If that is the case, it sounds dud. In my experience, the most likely time for a disk to fail is during a backup, because you are exercising it more than at any other time - and let us say that I probably have more experience with dud disks than others.
You could have bad sectors that need remapping, and if your computer can actually connect it, you could remap the bad sectors using one of the utilities (it's been quite a while since I've done this but there is plenty on the internet about it - google is your friend). However, if it is as bad as it sounds, you probably need to move everything to a new drive - if you can - before you can't access it at all.
Why does it sound bad? Because these days bad sectors are automatically remapped to spare sectors, so you have either got a lot of bad sectors, or the automatic remapping isn't working. A disk with that many bad sectors may have something wrong that is causing bad sectors (a disk head has fallen off and started scratching the disk for instance), and this will only get worse the more it spins.
Of course, having spent more sleepless nights than I like to recall trying to recover dud disks, I tend to have a fairly worst case view of disks, and things could be a lot better.