Hi, and welcome to the forums.
If you do, you do it at your own risk. Yes, Iomega claims it's compatible with TIme Machine (but requires some extra feature from Iomega).
But read this carefully:
http://docs.info.apple.com/article.html?path=Mac/10.6/en/15139.html
If the Iomega doesn't fit that definition
exactly, Apple will not support this.
From a post in another forum (found by V.K.):
The technical reason why Apple limits Time Machine to 10.5 AFP volumes appears to be to prevent disk image corruption. There were additional features added to AFP in 10.5 to support Time Machine. These presumably allow the disk image engine to force disk image journal data to write out all the way to the disk. Without such features, a network interruption can result in a corrupted filesystem on the disk image despite journaling. Remember, journaling relies on the journal being written all the way to disk before the changes take place. If you can't guarantee that (e.g., because of network/NAS buffering) then the journal is useless. Time Machine appears to rely heavily on disk journaling to deal with network drop-outs, interrupted backups, and the like. Take this away and your data is at risk.
If the NAS you are using supports these features it should report them to the OS and you should natively be able to choose that volume. If you have to trick the OS to use the volume it means the NAS does not support it.
To summarize: if you care about your backup data you should avoid using non-natively supported AFP servers.
That post obviously applies to Leopard; Snow Leopard appears to have
added some requirements, that are also not supported by all NAS devices, and some that were working with Leopard no longer work with Snow Leopard.
Requiring another software package may let most of the TM operations work, but you probably cannot do a full system restore from those backups.
That is done using the installer on the Snow Leopard Install disc, which will
not have that package on it.
See #14 in the
Frequently Asked Questions *User Tip,* also at the top of this forum.
It's your call, of course, but I would NEVER trust my backups to such a scheme.