Yeah, pretty much....only had to use it once when I deleted an Access file (oops!) They have it set to do backups every day. Don't think I can change the schedule, but I can hit the "backup now" option. To retrieve files you check a box and hit the button.
It looks like a really good system. The cool part is the back end, and how efficiently it stores data. No duplicates. That's what makes it feasible. Otherwise the storage requirements would be overwhelming.