Poor attempt indeed
It can't compete in todays market at that price without on board Wifi and gigabit. You can't network stream or be a NAS without GBit as everyone and their dog who makes motherboards now has on board Wifi and GBit ethernet. So this would be the weakest link a chain very quickly.
And 115 for a 500GB HDD, when you can get them for less than £50 from Freecom if you are still having to use the USB connectivity for file transfers.