I recently switched from using several large external and internal drives for storage, backup, etc, to a NAS.
I'm never going back. First, with a RAID setup, my data is all redundantly secure. Second, both my wife's and my desktops backup to the NAS, and share data stored there. Third, there is no reason ever to buy a desktop with a large or an extra hard drive, since all my storage is network-attached. Fourth, there is no reason for an external backup drive, period. Fifth, all of my media, be it mp3, flac, mkv, avi, blu-ray rips; everything is on the server, and can be retrieved from anywhere in the house; or actually anywhere with an internet connection.
I went with a Synology 4-bay setup. It certainly was not cheap, but their engineering, both hardware and software is elegant. Everything works, and works well.