What I use it for
As well as storing data files (word documents, visual studio projects, etc) I wanted a NAS with good media serving features. I have an Xbox 360, a Playstation 3 and a Roku Soundbridge that I wanted to be able to stream music, videos and photos to.
My music is an iTunes library of Apple Lossless files (around 30mb a track). I have currently loaded about a third of my CDs into the library which is now approx. 4,000 tracks/102GB. This NAS serves this library flawlessly - I've never had it skip or respond in a slow manor. You can get a momentary pause while loading the track listing for the first time (I tend to find all 4000 tracks take around 3/4 seconds).
I have around 60,000 photos which stream to my Playstation 3 no problem. Many of the photos were taken on my Digital SLR (high quality JPEGs - often around 8/9mb a file). There is a delay (few seconds) when loading these files, but my PS3 is currently operating over wireless, so this is likely to be a big contributor - the JPEGs load quickly on my wired desktop (100Mbit) from the file share.
Videos I don't have many of. The aim is to put a lot of the kids films/tv programmes on here so they don't ruin the original discs! I have yet to do this, but I have put a few test videos in the form of divX files and a couple of high definition camcorder clips. These worked fine on the PS3.
Speed
Being a software developer and IT/gadget geek my family have 3 desktops, a laptop, a Soundbridge, a 360, a PS3 and an iPhone all using this NAS. It seems to manage without problem with the very basic tests I've performed (making all devices stream music, browse shares, etc, at the same time).
When loading my files onto the device it didn't seem overly quick - however not too slow either. I think it was using my 100Mbit network to the max. I am going to upgrade to a 1000Mbit network soon, so I'll have to wait and see how much the NAS will utilise that!
Downsides
The only thing I've found so far which I could complain about is power management. I've enabled schedules to turn the device on a 9am of a day and turn it off again at 10pm weekdays/midnight weekends (you have 3 schedules you can setup). This is fine. The unit goes into a standby mode when outside these hours (hard drive spun down, etc).
However, I came home from work the other day at 5pm. My wife had been out all afternoon, so all network devices were off, and the drive was on and spinning. I've checked a fair few times and it doesn't appear to even spin down the disk when not in use - a little disappointing! I'd have thought this was basic power saving in this day and age.
I haven't tested it much on the 360 yet, but my friends have and they say it's fine.
Summary
Overall I'm very impressed with the unit and would recommend it to any for home use. Other than a few minor criticisms, which are not a big problem for me, the unit does exactly what I want in a small, quiet, attractive casing. I feel that it deserves the five stars, especially when compared to the competition.
I spent a long time looking at other devices which all had horror stories of slow media servers, etc, but a couple of friends recommended this one (they have them). There's not a lot of reviews of this model out there as it's quite new, but so far so good!