XiVA musicm8
Here's a useful thing: a NAS device with a CD drive for direct ripping of your tunes. But the XiVA musicm8 will set you back £799...

XiVA, part of the Imerge company, has announced its new network attached storage device, the musicm8. The 'rip, store and stream' device has a terabyte (1000GB) of storage and a CD-ripping drive.

Set to cost around £800, XiVA hopes the musicm8 will prove a suitable partner for devices such as the Sonos system, Logitech Squeezebox and Linn DS. 

The system can store audio in a variety of file types including WAV, FLAC and MP3 – and allows you to set your bitrate and file size – as well as photos and videos. 

Accessing your tunes is possible from anywhere in the world thanks to a remote internet facility, you can also stream your tunes to a Nintendo Wii, Xbox or PS3, and the musicm8 is DLNA-compliant.

More after the break

Other features include dual-encoding for storing low and high quality versions of your music, full iTunes support, podcast downloader and online updates.

Available from July, the XiVA musicm8 has a suggested retail price of £799.