We could wrap this review in a sentence if need be: the My Book Live is a baby network-attached storage (NAS). But perhaps this wouldn't do it justice.
The hunk of hard plastic we received contained a 2TB desktop drive, connected to a logic board no doubt running on some form of embedded Linux, which in turn was connected to a gigabit Ethernet port. There's a single LED on the front of the box that changes colour depending on the status of the Live, although you'll find yourself digging through the manual to determine what colour means what.
Now usually when such things are connected to gigabit ports, they perform about as adequately as a mariachi band that's been set on fire. Thankfully, Western Digital has imbued the My Book Live with some sort of mojo juice, as it sustained around 96MBps read speeds. The 45MBps sustained write speeds may not sound so hot by comparison, but for something of this physical size the speeds the Live attains are rather impressive.