Thanks for the question gang!   The device I held up was correctly identified - it's an Iomega StorCenter (M1) unit that does NFS today.  

Now, Iomega is supposed to be announcing its next generation network hard drive for consumers and SOHO users sometime in October.  This is the much-anticipated small form factor, double drive NAS that will utilize EMC's Lifeline Linux OS system.

BTW - I overestimated the price

I said $329 in my session, and the StorCenter M1 currently sells for $229 for the 1TB unit

http://www.amazon.com/Iomega-StorCenter-Network-Storage-Ethernet/dp/B000UODGV6/ref=sr_1_1?ie=UTF8&s=electronics&qid=1222121395&sr=1-1