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I'm using one from the generation before for network-backups.
It's been very reliable. Setup was a breeze. A few minor criticisms about some of the features (email alerts require an open relay), but overall it's been a very positive experience.
'No idea if the multimedia streaming features of the new model are any good.
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I've had the 500GB version of this drive for a few weeks. I'm using it as a media server currently, streaming through my XBMC. Set up was very easy for this purpose. I bought it for $86 refurbished from eCost.com.
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I like it. At that price it's a bit pricey. My eCost drive was affordable. Works perfect so far.