I'm not a "RAID expert", but ....
I have worked with it a fair bit, doing systems administration for different companies I've worked for. Here's my take on it:
RAID 0 is NOT going to make drives "wear out faster" than not using RAID. Technically, it should *slightly* reduce wear on any one drive, since the usage is more spread out between the pair of drives in the RAID 0 striped set.
The problem is exactly what someone else stated. If one drive fails, you're going to suffer data loss across the whole RAID 0 set. (It's kind of like saying "If I roll this die and it comes up a 1, that's like a drive crash that loses all my data. If it comes up 2 through 6 though, we're good." Now, take two dice and do the same thing, except the rule is now modified to say "If either or both of these rolls a 1, we have a drive crash with data loss." You'd probably prefer taking the chance rolling only 1 die, instead of 2, wouldn't you? That's a non-RAID drive vs. a RAID 0 pair of drives.)
The ONLY reason to do RAID 0 is strictly for performance. You don't need this performance boost for Time Machine backup purposes. (It happens in the background while you use the computer anyway, and Time Machine should be backing up to a drive that's not used by your applications for anything else. It shouldn't "bog down" the program loading and document saving you're doing as you work.)
If you want more data *reliability*, you want to go with RAID 1 or 5. RAID 1 makes a mirror image of one drive on the second drive, so if one fails - you're just warned of the fact, and things continue as normal, using the drive that's still working. When you replace the bad drive, the system automatically re-images it with a copy of what's on the other drive again. RAID 1 is a LITTLE bit slower writing data than not doing RAID at all, because it always has to ensure BOTH drives contain identical data. But it's SLIGHTLY faster reading, because it will grab data from whichever drive has its drive heads closer to the sectors you're looking for at that moment in time.
RAID 5 is nice when you have more than 2 drives and you're trying to get that type of "if a drive fails, just tell me, continue on, and rebuild data on the replacement when I feel like sliding it in" capability - BUT you don't just want a plain old mirror image of one drive kept on the second one. It's more complex in how it stores "checksum" data across the set of drives, and gives you 2/3rds. of your total drive capacity as usable space at a given time, vs. only 1/2 your total space like a RAID 1 mirror would do.
What he said above.... Plus, is it stupid to use two different branded HD's to set up a raid 0 and have it be used as my Time Machine to back up my 640gb?