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[jobeard]

NAS: Network Accessible Storage
Typically attaches directly to your router (and should have a static IP address) and can be accessed by any system attached to that router, even hetrogenious system types {Linux, OS X, Unix, Windows}.

There many configurations(internally) of NAS devices and the price range varies significantly.

Features frequently seen include

• Drive Interface SATA, IDE, iScsi
  
• Network Interface 10/100/1000
  
• Num Drives Supported
  
• Print Server
  
• Wireless Built In
  
• Raid (0,1,5,jbod)
  
• Drives Hot Swappable

here's a comparison table of NAS devices for mfg, features and prices which you can sort by clicking the column headings.
(scroll down to see the chart)