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This sounds like it would work, but I would still look at a tape drive solution. We use an exabyte M2 mammouth and I love the drive. I backup data in excess of 650 MB per minute. I see one on ebay for $750 (buy it now) but the going price is $400. Each tape will run about $86. This is a much better alternative. Plus, with a tape drive you can have an offsite backup (something you must do in order to have total protection). Just my two cents worth.
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