Unraid discussion board is quite interesting and lots of people use it but I have heard that data copying speeds are quite slow.
WHS 2011 is currently around 60 USD on-line. Price dropped from around 110 USD a week after I bought it

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Saying that it is a great little home server OS with lots of functionality, some uninstalled and unsupported but available via roles in the server manager.
Drive pool has gone but there are third party solutions that are being developed. Lights-out looks good as well enabling you to turn the server off at set times and wake-on-lan / power up when another 'specified' device is detected on the network (i.e. media player).
Being able to remote access your shares from the internet and being able to remote desktop to the server and other desktop machines (Win7 Pro required although XP Pro may also work) via a web front end is very nice (rdp requires a SSL cert though it seems from reading up on it). I am currently looking in to installing an email server (cheap or freeware).
I moved from a standard Fedora setup (hardware compatibility issues) and am very happy.
Note: WHS 2011 is limited to a max of 8GB ram though.
One question I would ask you to think about is whether you need raid, or more accurately why you feel you need raid. It all sounds great and in a corporate environment is it a pre-requisite as the data is usually mission critical and downtime costs money. In a home environment, downtime can be much more easily tolerated. Remeber raid redundancy does not equal backup. I have 4x1TB WD Blacks stripped as a single array for all my shared data. I have 2x2TB WD Greens spanned for a backup of all that data. I keep it all in sync via a nightly batch job which also backup up all my personal data to an external USB drive. My personal data is always available and can be moved to another machine if needed. My media files have two copies (live and archive) and should a disk fail in the live set it just takes a few hours to copy the data back to a new array when I get a replacement drive.
Only thing I would like to do now is change the 4x1TB drives to 2x2TB drives or change all the WD blacks / Greens for Scorpio Blacks and Blues due to power savings and heat reduction (have a 20 bay case so space is not an issue).
RB