Yep. I put a SSD (from OWC) in my 2007 Mac Book Pro and it was like getting a new machine. I just used an extra external USB2 disk to my Time Capsule (used for backing up two Macs). It holds my Music & Pictures and know i just hope Santa Clause brings me some external speakers so I listen to Music/Web Radio (I use FStream, the geeky web radio small free player) while in the shower).
Mac Pro Dual 2.8 Quad (2nd gen), 14G Ram, Two DVD-RW Drives, OS X 10.8.3
2006 Mac Book Pro 2.16 (first Gen) OS X 10.7.4
2TB Time Capsule, 2 TB
32G iPhone 4S Black, iPad (3rd Gen) 32G Black