Installed V4 in December 2011. Works fine. BUT: If you are a Mac user with an OSX operating system, you must expect some problems during setup, especially when it comes to security. The installation CD is useless except that it contains a copy of the PDF manual (which you need for the installation). Netgear makes no mention of Apple products or the OSX operating system - only Windows. To set up the security (encryption) I had to dig up an old Windows XP PC and connect it directly to the WG602 with an Ethernet cable. Since then, the main bug is that Mac OSX does not support WEP security with this device. It supports WPA (found out by trial and error). After I managed to set everything up, the device works well and covers my entire house (a large, solid stone structure with thick walls). Mac users might want to consider Apple's hotspot, not this device. more expensive, but much less setup effort.
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