Will a NAS do this?

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I want to stream movies from a HDD to either my TV, PS3, WDTV or preferably all three (not at the same time ;))

I know that one advantage of a NAS is that the PC does not need to be switched on so im presuming the above is possible.

I would also like to download from Newsgroups or Torrents without the PC on. Is this possible with a NAS or am I now getting into media player territory such as Popcorn Hour etc?

Would this do all of the above?

http://www.overclockers.co.uk/showproduct.php?prodid=HD-030-SY&tool=3
 
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