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Newegg has the Netgear RNDP4000-100NAS Diskless System ReadyNAS Pro 4 Diskless 4-bay Unified Network Storage for Business for $580 - $87 off with coupon code EMCXWVV27 [Exp 1/28] = $493 with free shipping. The Toshiba HDTC607XK3A1 Canvio 750GB USB 3.0 Hard Drive is automatically added to cart.
Sounds like a good device. However, I am trying to find information about using this as a media server. For example, does it convert media format to supported devices? Such as, converting MKV files so it can be streamed to PS3?