On the IT7 you can run the RAID ports as regular IDE ports...they are all seperate IDe channels. So you can either have up to 8 devices in RAID and 4 devices in regular IDE mode or flat out 12 IDE devices. One note though, the main 4 IDE channels are ATA 100, the Raid/IDE channels are ATA 133. I'm not running Raid right now as I have different sized drives, but I'm running my HDs(one of which is ATA 133) out of the Raid ports then have my DVD-rom drive on one of the main IDE channels and my CD-burner on the other.
And yes, the IT7 has "no legacy ports" you get 8 USB 2.0 ports with room for 2 more, 2 firewire with room for 1 more, Audio connects, Lan connect and thats it. If you don't ahve any legacy devices, this is the top choice mobo for you. I'm running a 1.6a at 2.4ghz with complete stability on this board.
Also, there is a new Media XP drive bay option as well you can buy for $80 more that adds Memory Stick, Smart Media, and Compact Flash readers as well as more USB 2.0 ports, a firewire port, and an additional optical out.
The only place legacy free snagged me was for my VFD display(no serial port) but thats what Serial to USB converters are for 🙂
Once note though, the IT7 only has 4 PCI slots and an AGP slot...a bit less than usual but I only have 2 PCI devices max ever plugged in the board so no biggy here.
BD7II is also a great board, figure its the same deal with a few less features and legacy ports. Go BD7II if you want/need legacy, go IT7 if you don't need em.