Mike, it's a good move but expect a dramatic speed drop, I use a NAS as ons of several backup locations. I've seen a backup USB drive die, along with the host machine HDD when a PSU failed, not the norm but it can happen, needless to say all data was lost.
I have a Dlink NAS, which I wouldn't recommend very slow and not terribly well debugged.
I recently installed a SeagateBlack armour NAS for a mate which was very reasonably priced and had a very good feature set, although I can't really comment on the performance as I haven't done any subjective measurements.
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