What should I do with my old time capsule since I just upgraded to 2tb?

Hi,
I just bought a 2tb time capsule and now I am wondering what I should do with my old 500gb (still works great) one?  Can I keep large, old files that aren't really used but would like to store on my old time capsule?  If so, how do I set it up so I can access both at the same time?  If I can't do that, then how do I erase all data on the old time capsule so I can sell it?  Actually, answers to both questions (in case I find I don't need all that space) would be much appreciated!  Thanks!

Erase via the airport utility in the disk section.
I recommend you sell it, they are not reliable after 3 years.

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