That minidisc player is one of the late NetMD models released from 2001 onwards.
You could connect it via USB and essentially drag and drop MP3 files into it. In reality it was a bit more complicated than that, the included software would convert the MP3 to ATRAC and then transfer it to the disc, but the whole process was very fast.
You could fit 4 CD's worth of play time into a single minidisc at good sound quality, or the equivalent of 8 CDs at OK quality. And minidiscs were tiny, you could fit several in your pocket. Also, would last forever with a single AA battery, more than some modern mp3 players on their internal Li ion battery.
All in all, it was one of the best portable music players of the time. There were solid state storage solutions back then, but they were either ridiculously expensive, or they couldn't hold more than a hundred of megabytes worth of music, or they sucked in other areas, such as interface, build quality, battery time, etc.