Apple's New Time Capsule Wireless Hard Drive

The box essentially combines a hard drive and an Airport Extreme N adapter for wireless communication with all of the Macs in your home, if you have more than one. The Time Capsule can be set to automatically backup all of the Macs you own on a regular basis, taking what little thought there is left in process out.
Prices however aren't too pretty. The 500 gigabyte capsule will run $299 and the 1 terrabyte model will cost a whopping $499 or about twice what you could get an external 1 terabyte drive for.
From Engadget





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