well, seeing as you know everything, explain this to me.
What's the difference between these 2 switches:
Smart Switch:
http://www.jump.co.za/products/details/11105-netgear-gs724ts-prosafe-24-port-gigabit.htm
http://www.jump.co.za/products/prices/51356875-netgear-24-port-smart-switch-2.htm - even cheaper
Layer2 Switch:
http://www.jump.co.za/products/details/6211969-netgear-gsm7224-24-port-layer-2.htm
The last switch is fully managed and the throughput on the backplane (wich connects the switching fabric/asics) would be much faster than the previous two.
The thing I'm trying to get to, what exactly is the differences, if you say they're all layer2?
Here's also a list, from D-Link:
Smart switches:
http://d-link.co.za/gr.php
Layer2 switches:
http://d-link.co.za/gigabitl2m.php
The cheapest of the first two only has 10/100 Mb/s ports and only two SFP ports vs four. The first two do not have full management capability. The last switch you listed runs at full wire speed which I doubt the cheapies do.
Not all switches are equal. You can take two L2 switches both fully managed with the same features obvious to the eye but underneath they can be different beasts. The biggest difference being max sustained transfer speed on the backplane. One 24 port Gb/s switch could handle the full wirespeed of 24Gb/s on the backplane while the other one would cough when it gets to 12Gb/s so you can't run all ports at full speed the whole time.
You can have full features on all these types of switches yet they are not all cut from the same cloth.