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Name the NAS and click Next.
Change the admin password. Click Next.
Set the time zone and time.
Set the IP. I left it set to get one from my DHCP server (my router) as this is a temporary addition to my network. If this was a permanent add, I’d set the IP manually here.
Choose what services to start up.
Choose your RAID flavor. I chose RAID5 for this one.

There is Twonky Media Server in the list of processes. Is it preinstalled on the box?
Yes. You can turn it on or off as a toggle selection during installation.