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The device promises to be pretty fast thanks to the SATA II interface which puts read speeds at 150MB per second and write speeds at 90MB a second.
The deivce also includes a battery for security purposes and integrated ECC which stands for Error Correction Code to verify that data that is transfered is done so in tact.
As for price, ProVantage has the device listed for "only" $417.55.
Be our guest and if you do happen to get one fail not to leave your impressions in teh comments below.