Carl - one thing to remember with using the software raid is that all the RAIDing is done by the OS and processors. So if you heavily load the processors, you can impact the RAID speed. Also if you have a crash or a power loss you can get disk corruption because the data will not necessarily be written to disk immediately. I suggest that you keep good backups of all important data on those drives and if you do have a crash or power loss, then the very first thing you do is boot from the Install DVD and run Disk Utility Verify Disk against the drives to check for any damage. If some is reported, then try DU Disk Repair, but because the file structure on individual disks can be OK, but the RAID directory corrupt, be prepared to lose everything and have to reload. If you're using Time Machine then that should be an easier task.
Personally, I wouldn't use software RAID.
Baz