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I have one and it works as advertised. Supports RAID0, RAID1 and JBOD. The fan helps cool the drives. They still get pretty warm but not burn your paw hot. Setup is easy but the manual sucks and you'll need to run update the firmware update (no instructions in the manual) to recognize 1.5TB drives. I think it's a good deal.

Looks pretty nice and the price sure is right. I read you can install Firefly media server (mt-daap) too which is a requirement for me.
You can get a better deal here:
http://www.buydig.com/shop/product.aspx?omid=103&ref=froogle&utm_source=Froogle&utm_medium=cpc&utm_campaign=DLIDNS321&sku=DLIDNS321
which comes to $79 AR. I think I'm going to jump on it.

Ahhh! The link I posted stopped working before I could use it myself!

Edit: this one is a little more but still less than buy.com's bottom line price:
http://www.compuplus.com/i-D-Link-DNS321-2-Bay-2-35-Inch-Bays-SATA-RAID-01-Gigabit-Ethernet-Port-Network-Storage-Enclosure-DNS-321-1016723~.html?sid=utd7nmpm81145dn

you can still order it from Buydig.com for 109 - 30MIR. Just call them at 1-800-617-4686 and ask for Catalog #: DLIDNS321. The link to rebate is: http://64.225.152.254/rebates/DLIDNS321DNS32330MIREXP043009.pdf

-Enjoy

i sent in my rebate and dlink rejected it saying the rebate was not sent within 30 days. a real bummer!!!

great home NAS. I stream HD 1080p content from it fine. Low power, nice not having to deal with a PC being on all the time.