2X250GB drives will own 1 500gb drive. If your video files are contiguous, the 2X250gb in raid hands down. Seektime might go up if you have them in raid but every instance that I know of where you have raid, overall performance improves. The reason 2X250gb may not lose performance over 1 500GB drive is because if they both have same platter density, the only difference between the two drives could be the # of platters in each drive. The 250gb drive could have say 2 platters while the 500GB would have 4 or 5 platters even..
Quite simply, get two 250GB drives instead.
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