Are you sure you want to use a dedicated NAS with ripping ability? Why not just use a computer and just get a standard NAS?
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@Audioblazer: It depends on the application, but usually it's better to have a "ripper" and "NAS" as separate components. Its more flexible and upgradable. You might want to take a look at the new Naim UnitiServe. It acts as a ripper, server and storage, or it can network with other NAS and server units. The more flexible it is, the more options you have in the future. We are still in the early stages of digital audio distribution, and a lot of things are coming that will benefit from a modular system.