So...update.
So far, this little thing is pretty good for what it cost. Really easy to get up and running. I haven't had much time to really dig in, but I have it so it will auto log into it, and I can remote desktop into it via my Windows 7 computer (although once I reboot the Pi I need to physically log into it again). I've added an external HD. And have SSH so it will start automatically.
Trying to figure out how to get the Remote Desktop server to be active on the Pi on re-boot. After that I can really start to dig in.
I am using Putty on my WIN 7 machine for most of the installs. That is WAY faster than using the GUI on the Pi.
Downsides:
Seems to reboot on occasion randomly. Obviously with the Remote Desktop issue this is sort of a PITA, but I have it hooked up on an alternate input to my desktop monitor, so not a huge problem for now.
SLOW. I would not recommend this to be used by ANYONE trying to surf the internet. It does work, but it's painfully slow to load pages.
I'm reading that people are having big issues using it as a torrent box (my main objective). I haven't been able to compile all of the required software so far, so I can't say for sure. Due to this, I may give up on the torrent box idea and just use it as a media server for my home stereo.
Happy I bought it. It's been a good learning experience. I think it will become more fun once more advanced users find some other uses for it and make some tutorials.
Anyway...not a lot to say, but figured I'd update ya'll on my progress with this little thing.