Quite correct, where a manager is employed to manage an array. However in the home enviroment how many people do you think have a 'hot spare', how many even have a spare drive on the shelf to replace a defective drive? I would place a bet that it is less than 10%.
Perhaps anyone reading this thread that uses RAID 5 currently could post to say whether they have a 'hot spare' or a drive sitting ready to replace a failed drive, or perhaps whether they would rely on Overclockers excellant next day delivery service?
4 drive RAID5 array here, I have a hot spare but no immediate replacement drive.

.....WHS through mirroring has better fault tolerance than raid 5 for sure but also equals a lot of drives for an 8TB setup 
