Here's my take for what it is worth.
I have an Nforce4 motherboard A8N-E with 4 SATA and 2 IDE drives.
I bought the 3 SATA drives specifically for RAID0. I bought them small and cheap, since the aggregate size would be larger than I needed. They are 160s.
With HDTach I'm getting 134MB/s. avg speed
my single SATAII is getting roughly 60MB/s.
By the way, I seem to recall that the jump in speed from 1 drive to 2 wasn't all that great, but going to 3 drives was a fairly dramatic increase.
I'm generally happy with the performance for gaming and the like, but...be careful.
I nearly lost the whole set last week when I was messing around with the motherboard. That is the risk. I know that if I lose one drive I'm dead. But I synch my important data about once per week. You would really need to backup the data on a RAID 0 setup.
If you have the ability to boot from a single drive but test your other drives as singles or in a set, you should do that. You might find that your speeds are comparable, so the only question is protection.
that's my advice.