Time Capsule OS X Question

hi guys,

i'm thinking of buying time capsule (in past i've needed of mbp, don't have hardware big enough it).

apart backing up, i'd create partition on it, , run os x ml on too. - possible?

 

if i've understood correctly want use time capsule computer? not possible.

if i've misunderstood yes, can make partition (use disk utility in applications->utilities folder) on mbp , run ml on that, separate lion.

remember ml recovery partition overwrite lion's.

 

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