As of now, I am batting zero for two on Base Stations. Even when things are working, the AirPort software is prone to crash, may cause my password to be lost, or otherwise present difficulties. I am sure that all of this will be addressed by Apple in time. We are still at version 1.0 of the Base Station software after all. But until things do get fixed, I would stay away from the AirPort - unless you either enjoy gambling or are confident you can get your money back if it doesn't work.
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Not surprisingly, we received numerous replies to the above article. However, it was not a general solution. I am still investigating this. I am still investigating this as well. This is definitely not so in this case.