I suggest you think twice before you commit to this switch. While it's great that it's small and fanless, I've replaced the unit TWICE because it developed several 'dead' POE ports. The Ethernet function continues to work, but the POE function has failed on several ports. Instead of 8 POE and 8 regular ports, I now have 6 POE and 10 regular ports.
YES, the manufacturer has a LIFETIME warranty, but they also have a $20 FEE for advance-replacements. What's the alternative to paying this fee? You can't just shut down your network for 3 weeks while you wait for a replacement! According to support there is no 'Second Generation' version that fixes the problem so I expect that the re-replacement [sic] will also fail. Too bad.
UPDATE August 2009:
As I suspected, another failure. That's three failures in as many years. Today the power on ALL POE devices (IP phones) began cutting being in and out. The device is LIGHTLY loaded, far below the published power rating. I was tempted to solve the problem by smashing the device with a hammer, then setting it on fire, then throwing it out the window. I suspect that the device was just improperly designed. That is, I suspect it gets too hot, and needs to be cooled with a fan despite its fanless design.
UPDATE September 2009:
Netgear replaced it for us AGAIN, this time for free. We went ahead and paid the $20 again for advance replacement, which covered shipping both ways. However Netgear accidentally charged the credit card THREE times. After three phone calls at about 20 minutes each I finally got through to someone who was able to reverse two of the three charges. BONUS, as an act of good faith for the multiple device failures and billing error, Netgear went ahead and refunded us for ALL charges. In other words the advanced replacement ended up being completely free to us.
Naturally I'd have gladly paid the $20 not to be on the phone with them for 3x20 minutes, but I was pleased with Netgear's small gesture. Call me naive, but their small act of good faith makes me feel a little better about their intent (at least) to build reliable products. I'm slightly more hopeful that my situation is a statistical outlier.
UPDATE March 2012
Years later, our replacement continues to function properly. HOWEVER this may be due to the installation of a external fan. We placed a SILENT 120mm 12v DC "chassis/case fan" on the shelf between our router and Netgear PoE Switch. Air is drawn across one, and is blown past the other. The switch (and our router) now operate absolutely cool to the touch.
I can't say with confidence whether the fan is the reason the replacement switch has been so reliable over the past years. I CAN say with confidence that it's a GREAT idea to install a small silent 12v DC fan near ANY/ALL of your fanless devices, including switches, modems, WiFi devices, routers, Terminal Adapters etc. Even if the fan isn't directly responsible for the longevity in this specific case, there is a mountain of evidence showing that devices last longer when kept cool.