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Pros: Lots of space, good speed, quiet.
Cons: None yet.
Other Thoughts: I purchased this in June 2011 to run/back-up HD video projects. So far things have gone well. It's nice to have everything usable, accessible from multiple locations and backed-up, all in one.
There were some really bad reviews for this on another site recently, which kind of made me nervous, but so far I have no complaints. I'm hoping it was just the bad-experience-people who took the time to post and not the general overview.