RAID 5 requires at least 3 drives .
:Ripped from adaptec site beacuse I'm too lazy:
RAID Level 5
This level is commonly referred to as striping with distributed parity.
RAID Level 5 is similar to level 4, but distributes parity among the drives.
No single disk is devoted to parity. This can speed small writes in multiprocessing systems.
::Ripped from the Mylex site :::
RAID 0+1 is a Mylex standard, Adaptec uses 0/1
RAID 0+1 is a combination of RAID levels 0 and 1 that provides enhanced data availability through disk mirroring and increased I/O performance through disk striping. The advantages are faster data access, due mainly to the RAID 0 feature, and fault tolerance to disk failure, a consequence of the RAID 1 attribute. In the Mylex RAID 0+1 implementation, data availability is maintained even if up to half of the hard disks fail, provided that such disks are non-adjacent members in the array.
Mylex?s RAID 0+1 provides interleaved mirroring, which allows the flexibility for both even and odd numbers of hard disks in an array. Adaptec?s RAID 0/1 is limited to only an even number of hard disks. Mylex RAID 0+1 may be simultaneously used with other RAID levels in an array. For example, both RAID 5 and RAID 0+1 logical disks may co-exist within the same array. However, Adaptec requires dedicated RAID 1 drive pairs within the array, thereby disallowing RAID levels to be intermixed. Providing a cost-effective solution for users, Mylex RAID 0+1 may be configured with as few as three drives. Adaptec requires a minimum of four drives for their RAID 0/1. Both RAID level implementations support a maximum of sixteen hard disks
The adavantage of both RAID 5 and 1+0 ,0/1 is that if there is a single drive failure, you can rebuild without a loss of data ( trust me .. I've had that happen)
The advantage of RAID 0+1/, 0/1 is that you get the performance of a RAID 0 ( striped array ) with the redundancy of RAID 1 ( mirrored array)
The disadvantage is the amount of drives needed for the redundancy : For example, if you have 4 20GB drives , with a 0+1 only 40 GB will be available, the left taken up by the mirrors.
RAID 5 advantage is you can have more drive capacity: With the same 4 20GB drives you have a total of 80 GB available.
The disadvantage of RAID 5 is that it is slower than a RAID 0+1 array.
For Reading Pleasure :
Mylex
Adaptec