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User managed network share??

We are an all Windows shop, single forest, single domain; AD 2003. We are looking for a way to create network shared folders, grant ownership to the folder, and then let the owner of the folder manage user access and permissions; preferably through some sort of interface, similar to how Public Folders work.  Is there a product or software out there that will allow this? Each user has a home directory and each department has a department share. We want to give users the ability to share files between different departments and make it easy to manage. Any ideas??
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Commented:
You might want to try FreeNAS, it works pretty well and I think could accommodate your wish list.

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Commented:
I should add that we have an existing SAN in place that house user's home directories and department shares.
Commented:
My same answer still applies.  Have a SAN and a NAS, they can live together concurrently.

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Commented:
This may work. I can create the share and unc to it; i'm not sure how to allow users to manage access to a specific folder. Can they do this through the user portal? Idealy we would want to create a folder, grant ownership to one user and allow that user to add user's and edit permissions to the folder. Do you have any quick and dirty instructions on how to do this?

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Commented:
Sorry it took so long to reward points. Thanks.

Commented:
memhosp, freenas allows an administrator to set up directories, and then the admin can assign rights to those directories to individual users.   It's all pretty easy to do once you load the software, it is all web based.