Leopard Time Machine + Ethernet Drive

[Derfy]

Hey guys, quick question. I've got myself a MacBook Pro, and I'm not one for keeping it at the desk plugged into an external HD, but I really love the idea of Time Machine. I don't have an AirPort Base Station, but I was wondering if I bought an ethernet external drive like this one, will I be able to backup wirelessly with it using Time Machine?

Thanks very much for your time.

 

[Not-a-cliche]

I'd imagine that if OS X recognizes it as an external hard drive, Time Machine will work with it.

 

[Peterkro]

Yes it will work fine although over wireless somewhat slow,it will also back up to it's own partition or just use space within a partition used for other stuff.