Can one of the TC's be set up to be used as a real NAS, or is it just a dumb box?
I guess the answer depends on what you mean by, a "real" NAS, since a "real" NAS literally has its own operating system built into the product.
The Time Capsule is a simple Wi-Fi router with a built in hard drive that can be used for simple file sharing. It has no real "brains" compared to a "real" NAS.
Whether or not the Time Capsule will do what you want as far as media storage is open to question.
Having tried to store an iTunes Library and a image library on the Time Capsule, I can say that access is going to be slow compared to a NAS. Want to hear some music? It might take15-20 seconds or longer at times for music to start after you hit the play button.
Want to edit an image? It might take even longer for the image to display.
In addition, the iTunes Library and image library tended to get "lost" after a few weeks, and I had to regularly and manually "point" the application to the Time Capsule hard drive location to get things going again. Things would work OK until the library got "lost" again.
Not recommending that you try to use the Time Capsule as a NAS........(it was designed by Apple as a simple WiFi router with a built in hard drive to store Time Machine backups.......not house libraries that will be used on a "active" and regular basis.
That being said, some users find that the Time Capsule works OK for their needs.
The bottom line.......to find out how well......or if.....the Time Capsule will work for your purposes on your network, you will need to try things out on your network.
Another question that might need some thought would be how you plan to back up the data or media/image libraries that will be stored on the Time Capsule, since it cannot back itself up.