Works perfectly. Let's see how she holds up. My old time capsule still works but I wanted to upgrade it before the hard drive failed as it was 7 years old and I'm pretty sure it was past its eject date. That price made it a no-brainer. I know there are cheaper and better systems out there, but let's face it, this is really a fallacy if you're a Mac user. I still do online backups, but this is a handy backup backup.
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