I have been using Cobian Backup for the last eight weeks as a test, and It's been automatically
backing up one large folder My Documents from Drive C: to drive D: faithfully, and on its own, timed once daily.
It works as you might want it to. However, if you need it to dump to TWO separate areas or separate hard disks, you might have to run two instances. My settings allow it to leave at least three previous backups.
Look into the Tutorial section and you will see a Tut by YourHighness for Cobian Backup and Restore.
It does not do complete, bootable, 'system' backups, like True Image does.
I'm not sure the Tutorial shows clearly how to RESTORE the files, but USASMA has on one occasion mentioned that one can just copy the backup to the original location, which is great!
For me, I'm still trying to find out how to use it to backup to a Remote machine over the internet...my main target. I don't quite understand the remote settings...