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Pros: Works, easy to set up, could replace a bunch of devices in your travel kit.
Cons: The security on this thing is horrifying. Think of any security feature on any cheap wifi router you've used: this thing doesn't have it. Firewall? No. UPnP config? No. Port forwarding? No. DMZ host? Public/private sides? Disable unneeded services? No. No. No. It even runs a telnet service you can't turn off and doesn't require a login to change some settings in the Web UI.
Other Thoughts: Too insecure for use on an untrusted network. Great potential but not quite cooked yet.READ FULL REVIEW
Pros: Works, but...
Cons: This device, in any of its three modes (AP, bridge, or router) should not be used for travel or a coffee-shop scenario. There is no way to designate which interface (wired or wireless) is on the "public" side, so the admin interface is exposed to whoever else in your hotel wants to take a shot at it. The URL to the admin interface is multicast on every interface, so everyone will know where to aim. But it gets worse...
While the NAT (in AP or router mode) works, there is no isolation between the wired and wireless networks, not even a one-way NAT like you would expect to see in a "normal" wireless router from 2002. But it gets worse!
You can get or set any parameter (or file if you're using the NAS) on the device through any interface without needing a login.
Other Thoughts: Pros: cheap, works
Cons: horrifying security