Windows Home Server Announcement

During Bill Gates his keynote we announced the launch of a new product called Windows Home Server. This product will be ideal for families with multiple PCs that want to connect their home computers, digital devices and printers to help easily store, protect and share their rapidly expanding collections of digital content and entertainment. The Windows Home Server will automatically back-up home PC's and serve as a central location to store the information.

There are three primary purposes of Home Server:

Automated Computer Backup - Home Server will sit in the middle of your house and completely backup the entire hard drives of every computer connected to it, automatically. Lose anything, even an entire computer, and you will be able to restore it. You will even be able to restore older versions of files, taking advantage of a valuable feature in Windows Vista.
Access Everything From Anywhere - With a Home Server, you will be able to access all of your files from any computer, inside or outside your home, as well as accessing your home computers from outside the home. You will centrally store your files to make them easier to access at all times.
Grows With You - Home Server will be designed to make it easier for users to expand its capabilities, especially making it easy to add more hard drives.

There are also lot's of other blogs and sources to find more information about the home server

Official Product Information : http://www.stopdigitalamnesia.com/

Product overview with demo video onto the on10 site: http://on10.net/Blogs/jesse/windows-home-server-will-live-in-your-closet-simplify-your-life/

Charlie Kindel's blog: http://kindel.com/blogs/charlie/archive/2007/01/07/3602.aspx

Prototype of Windows Home server. Source: kindel.com

Later this year, HP plans to deliver the HP MediaSmart Server, powered by Windows Home Server.
This is a picture of the HP MediaSmart Server I found on the Engadget site.