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Good: Wireless, looks great, easy to set up
Bad: expensive, can't connect via USB, it's the old Apple white casing
Comment: Solid and stylish looking product which is a breeze to set up. It may not be the quickest backup option around but for laptop users it really is the best way to back up I've come across - with Time Machine in OS X backing up happens automatically at hourly intervals as long as you're within signal reach of the time capsule.
Biggest draw back has to be the price - there are many cheaper external disks around which look just as good, and if the internal hard disk fails (which I guess they all do at some point) it just starts to feel like an even more expensive option
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