Out of all of the product news that came out of this years Macworld (which I am now heavily regretting not attending), this was the coolest. Just like it says on the tin, it is basically a subscription based cloud storage that you can hook Time Machine up to for a native, offsite, backup option.
But wait! There’s more!
In addition, it also allows you to create an auto-updating and bootable local backup as well for immediate recovery. The pricing seems reasonable as well.
Click through for more info and a video of it in action as Dave covers it for TUAW far better than my brief outline here.