Well I have 4 channel RAID controller and 4 80gb 8mb maxtors. in RAID 0 performance is great, in RAID 1/0 the read times are the same but writes are cut in half. So I setup two RAID 0's and use windows XP backup program to backup data every night at 3:00 in the morning. So I get the high speed of RAID 0, with the fault tolerance (more of a hassle, but still fault tolerant) of RAID 1/0.
RAID 0 with 2mb drives will destroy any solo 8mb drive and even a solo raptor. I'd run a RAID 0 array with 2 smaller drives and pickup one bigger drive for backing up, my RAID 0 backup is only cool cuz I can put swap files on it and that speeds things up very minimaly but it still does.