Thanks for the feedback and info! So on the Areca website I saw this note on the drivers page "Mac OS X (no_bootable)" (I have seen this on some other ones too). So this card is bootable for OS X?
Yes.

For the others, the separate OS drive on the logic board solves that issue anyway.

Saves a little $$ too.
But the ARC-1231ML will absolutely haul @...
I might go the 4 separate OS drive route. And I've got the SSD's now so I've gotta find a justifiable purpose for them (before my GF sells them on Ebay). Regarding the life span of these drives here's a quote from the Anandtech review.
Thanks for the link.
I'm taking the spec with a grain of salt, as they're consumer drives. I was quoting 100k as best case (SLC). MLC is worse, as the article indicated, at 10k write cycles. Hopefully, it will work, but I do have some concerns. Namely with how the drives are stripped, and particularly with (small)temp files/directories. Which translates to cells constantly being rewritten by an OS that is designed for electromechanical drives. I would like to see more data on any test results first before I commit just yet for RAID use. Or if a driver has gotten around this issue, and I don't have to wait afterall.
I know, I could move the temp files to another drive, but I'm too lazy.

I'm also cautious with drive bays. When I've just gone with a single drive to solve a need, particularly in a 5.25" bay, I seem to end up short for a backplane for some reason.
As mentioned in the article, there are some techniques for improving reliability in the design, but the rest will fall on the OS. Granted, this will happen, likely in some update to OS X, and Vista. It may be included in Snow Leopard, if they've already been working on it. Linux may borrow the solution from Solaris. (I wasn't aware Sun had actually implemented it in a shipping product yet).
Sounds sufficient for me, plus with the 3 year warranty on the drives that fits my timeline for replacement perfectly. Plus the possibility of > 600Mbs reads / 200Mbs writes just sounds sexy.
As an OS drive, given the ability to go for 3-5 years, they would be fine.

Now I wish I had one for that purpose.

Even though I don't reboot a gazillion times a day, I tend to be impatient.
That kind of read speed would be around what can be done with some SAS drives, namely the Cheetah 15K.6's. Not bad. I'd need to check current pricing, but last I looked, the cost/GB was worse with SSD's. Not a big deal with a few drives, but may be a problem in a larger array. Of course, SAS isn't
much better.
The goal of this entire system is raw speed with large files (if you couldn't tell) and multiple VM's running at once. I'm not too worried about data loss as everything will be backed up daily to the NAS.
Might I ask what you will be doing, specifically?
Code development?