Summary: So much more efficient than my home built file server. Uses way less power so much so that I have noticed a $15 decrease in my power bill per month.
Pros: Hot swap 5 bays, plenty of add on applications, easy to set up and use, quiet, efficient
Cons: does allow you to run XBMC but can be sluggish at times which is not enough for me to remove an egg since this was a pleasant discovery and you should really use a HTPC for watching your movies, however what does cost this NAS one egg is that it only supports 3GB of RAM max.
Summary: For the number of negatives I listed, I think it's only fair to add at the end that I overall like the unit and don't feel that any of the alternatives would necessarily be better.
Pros: Attractive unit. Supports large drives and any type of RAID. Has a myriad of features, including iSCSI, NFS and AD integration if you are looking at a business or home IT lab use, HDMI and VGA outputs with built-in xbmc to double as a home theater PC, various internet server applications. US base...
Cons: The documentation isn't very good or up to date. The user community (not the actual technical support from QNAP) seemed intentionally unhelpful and there are some clear firmware bugs (none harmful to data so far). Those interested in the home theater PC use should consider that the unit is a bit ...
Summary: I finally was able to spring for a large Storage Tower for my Home Network. It probably only took 30 minutes to setup including adding 3 Hard Drives. I plugged it right into the network and get it going pretty quick Make sure to upgrade the firmware right away.