SystmOveRide :
But wait, does that mean it's not as easy as "access NAS from PC, double click media file, opens up in VLC"? So I'll need a certain app for that then?
Yes, you will be able to access the NAS from a PC as stated (view files open them). Apps would likely be needed for smaller or portable devices (e.g. mobile phone, tablet, Roku, etc.), but that's typical and not dependent on the NAS.
The Netgear is a good choice. One thing to keep in mind when shopping around is that all NAS units have a CPU and some method of delivering media content (some better than others), so don't discount the other manufacturers (Synology, QNAP, etc).