I've never heard of 1.5 maybe you mean 1+0 or 5 (both give a backup and performance increase, but take 4 or 3 drives respectivly).
RAID0- writes every other stripe of data on each drive,
the idea is to strap 2 hard drives together so they can
go 2 times as fast (they dont actually perform THAT
fast). if you lose 1 drive than you lose all info on
both drives(ie: have to reformat)
120G+120G=240G
RAID1- writes exact same thing on 2 drives. gives you a
copy incase one drive crashes. dsnt
improve performance, but gives you a backup copy if one drive fails.
120G+120G=120G
RAID5-takes 3 drives. it's like best of both worlds.
stripes of data rotate on 2 drives and 3rd gets a
"parity note" it allows you to take data from any 2
drives and recreate the data on the 3rd.
120G+120G+120G=240G
you could also just set up the drives independent of
each other and you wouldnt have to worry about
anything, you get regular performance, and no backup,
will show as 2 drives
120G+120G= 2 120G drives
RAID 1+0 takes 4 drives. it's exacly like it sounds.
take 2 drives in raid 0 for performance, and uses 2
more drives to make a copy of each to give you back up.
120Gx4 = 240G