I love my DNS-323; will hold up to 2 x 2Tb hard-drives, and can be found on the bay for ~£65. It does RAID 0 or 1 if you need it to, plus has a built in torrenter.
The only down-side I've found is that Sequential Writes seem limited to about 10Mb/s.
I just got a D-Link DNS-323 yesterday and so far it has been great. The in-built torrent app is basic but works well and the transfer speeds are good considering it's over the network. I have my Documents, Music, Pictures & Video directories all forwarded to the NAS and I haven't really noticed a reduction in speed.
Linkstation XHL without any doubt. £150 for 1Tb and comes with 1.2GHz ARM CPU. Check my blog and also nas-central and you'll see all the good things it can do.
Why pay the same price for a Synology or Qnap WITHOUT HDD?
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