Last night I was playing around and downloaded FreeNAS. I have an extra PC that is really quite an overkill for this but I used it anyway just to take a look at it. FreeNAS is a cinch to setup. Took maybe 30 minutes start to finish to have a NAS on the network. I only hooked up 1 drive just for testing and it went without a hitch. It took 4 minutes and 39 seconds to transfer a 1GB file across the LAN to the NAS. Network utilization ran from 15 to 65%. Not too bad really. I can see why this can be a popular alternative. I should have my Slug tomorrow. I'll set that up and see how it compares. It will provide a much less energy hungry solution but I have no idea what the speeds are going to be like. With a 266mhz clock I have my doubts.
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