Well that was quick. I connected a USB cable that has 3 HDs connected to it (I did not put an internal drive in as I want to see if it works first and it doesn't need one), connected an ethernet cable, and then powered it up.
It came on after a minute with the pretty GUI. I then went to configure it and the after completing the video/option settings the next one was internet. Since I had it hard wired I went to test it and it 'failed' twice to connect to my network (don't know why). I then entered the manual IP screen to see if that would help - I entered the first 3 out of 4 'sections' of numbers and when I got to the last (fourth) I entered two digits (by accident) and then boom: screen disappeared and it powered down (no more blue light-ring turned on).
I pressed the power button on the remote, unplugged it from the powerstrip, unplugged the ethernet cable, USB drive, etc and did it more then once: nothing.
It was powered (the ethernet cable in the back was lit and the USB cable lights up to show power and drives connected) but it would not turn back 'on'. So it's boxed up and ready to go back to Amazon: defective.
I'm not sure if I'll try again.