I'd say a decent-sized but fast drive for your OS and system applications (partition the rest for storage since you won't be using it all that much), and a larger secondary drive like one of the 640AAKS WD's for the secondary. For the second drive you can just partition it to suit, ie torrentspace, storage, and/or gaming. It really all depends on how you plan to use your system and the amount of space you think you'll end up needing. Assuming you don't plan to go with a RAID setup, you'll still see performance increases loading your applications/games from a different drive (on a different channel - although SATA nullifies this) than your OS drive. If you plan to do torrenting from that drive while gaming you won't see any, or will only see minimal performance increases though.
Depending on torrenting you might want to allocate more of your space to that and video-editing, leave a moderate partition for the OS (~40GB for XP, ~50 for Vista), whatever you need for games/applications, and less space to storage.