It seems that external hard drives are all the rage, these days.  Consumers love the ability to add more storage space by simply plugging a drive into a USB port or adding it to a network, and the portability factor doesn’t hurt, either.  Many use these drives to store multimedia files, which makes this new drive from Iomega all the more interesting.

The Home Media Network Hard Drive is designed to serve as both a backup drive and a streaming media server, meaning music, videos and pictures can all be easily streamed to desktops, laptops, game consoles and many other devices.  On top of its media streaming capabilities, the device also includes a USB port for sharing a printer on the network or adding another drive.

The drive should be available this month and will come in two flavors – a 500 GB version for $159.99 and a 1 TB version for $229.99.