I've got a TS-219P, which has no encryption at all. The more expensive TS-239 allows volume-basend encryption.
Three friends of mine just decided for the Synology DS-211j (with CryptFS?), just because they could encrypt their personal shares/folders for a reasonable price.
The advantages of folder encryption over volume encryption are:
a) I think, it can be changed whenever you want it.
With volume based encryption, you have to do it once when initializing the drive, and then stick to it. For changing, you would have to backup your data, then re-initialize your drive and then restore your data from an external drive.
b) It doesn't affect the performance of other data outside these folders.
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