Ask Engadget: What's the best home media server?

So we've asked you which HD media streamer you prefer. And we've done the same for NAS drives. But what if you're the type that's looking for the best of both worlds? Take it away, Stuart:

"We have a laptop and a desktop, with plans to add another computer in the near future. I'd like something that can primarily provide a large (1TB+) storage repository that can be accessed via our network, as well as have space for data backups and media streaming capabilities. I've read articles on Drobo and Windows Home Server-based devices, but after a certain point my brain just starts to get overloaded. Which solution out there would be best for me? I'm trying to stay below $700 if possible."

We think your task is pretty clear cut here, reader. Which home server out there is a notch above the rest? Would you recommend a pre-built device or a homegrown solution? After giving this one a whirl, toss your own inquiry over to ask at engadget dawt com - your very words may grace this space next week.