Dude-- that thing does everything ! You can back-up to CD/DVD,JAZ,ZIP,HDD,even Floppy. You can also back up to a web-based FTP server,or another computer on your LAN.
You can label the files with timestamps, encrypt them, set them to a schedule, or do them manually. You can keep all the backup files or delete the oldest automatically. The only thing it does NOT back up is the operating system itself... but you can backup My Documents/Pictures/Music/The Registry
I'm buying a copy. Very nice find

