It's an ethernet extender. Plug one into the socket beside your modem, run a cable to it, plug another one in a far away location where other ethernet devices are located (blu-ray player, PS4, HTPC, etc) and plug them directly in. Mine clocks in ~240Mbps (about 30 megabytes per second) on LAN based file transfers, and I see no difference on my 100Mbps internet between devices on that part of the network, and my direct connect PCs.
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Originally Posted by TurnedTheCorner
200 mbps? Pfft, gimme that 802.11ac.
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Give it a few years.