Ripfactory.com sent out a press release today about their new "RipServer":
The Ripserver is a complete stand-alone solution ... a simplistic but eye pleasing black or white box that lets you rip & store your music without any additional hardware or software.
The RAID 1 device comes in 500GB or 1TB configurations, rips as FLAC files or MP3s (with adjustable bit rates), functions as a NAS device with UPnP support, supports connectivity with additional USB drives, and is DNLA compliant.
The Ripserver runs a Linux build atop an Epia 1GHZ CPU, with 512MB of RAM, and boasts VGA, USB, and PS2 ports.
A 500GB version costs £599 (or around $1,189),
A 1TBversion costs £699 ($1,388)
both are shipping now
I'm not so sure as to the usability of such a device - especially with the cost of a MacMini that could essentially do the same thing and be WAAAAYYY more useful ... but at least someone with more integrity than Winspan Partners (iLoad maker) is making it.
Previous commentary & analysis of iLoad & Wingspan Partners:
iLoad: From Vaporware To "Something-else-ware"
An iLoad of Drama: The True Story About Wingspan Partners