This is the Ripserver from RipFactory, which is a NAS with a fully integrated CD ripping engine. The Ripserver is powered by a Epia 600MHz processor and 512MB RAM, and 500GB or 1TB of capacity. It runs Linux OS
The device supports RAID 1, and offer full iTunes DAAP support. You can rip CDs in to FLAC or MP3 formats.
The 500GB model is priced at 599 Pounds while the 1TB model for 699 Pounds.