Is Raspberry Pi (model B, rev. 2) suitable for a home file server with external disks encrypted with LUKS? In particular, is the de/encryption throughput reasonable? I used to have such a disk in a dual core Atom machine and the performance was OK (mostly bound by network throughput and the CIFS protocol). Using Pi would be somewhat nicer - less power consumption, no noise from the power supply etc.
With 100Mbit ethernet I'd be more than happy if the throughput were somewhere between 5-10MB/s. And > 1MB/s would still be reasonable for most operations.