I got one of these last deal. They work pretty good for a $35 NAS. I don't have to use my pc as a media server anymore so pretty happy. My smart TV seems to play everything direct from the NAS. I have had high bitrate 1080p mkv stutter once or twice during play with heaps of motion. Only happened once recently.
I updated the firmware though this link and its makes the web front end heaps better http://www.hersheng.com/noontec-n5-firmware-v-230
The torrent client is bearable. The only real caveat I fint with the device it its a it slow copying and extracting files to. but it has not really bothered me. When you get it format the drive with the device before screwing it together and quickly plug the hard drive into your PC sata and move the data across. Or just use the USB header on the device for the initial file copy.
Noontec, I remember that brand.
I used to have a Noontec 3.5" IDE external case, the powerpack died within weeks (others reported similar), however the unit itself kept on working until I had no more IDE drives to use in it.
Excuse my somewhat unrelated post :)