I think people in general underestimate software raid, at least well implemented ones such as md on Linux.
I have a software raid 6 array on Linux and the performance of the array is faster than any of the individual drives. In addition you have data safety, and multiple reads from the array at the same time is faster than multiple reads of a single drive, as was mentioned earlier in the thread. The only time I'd actually recommend hardware raid would be for corporate servers.
Even a 5400 RPM Western Digital 2TB Green drive has sustained read speeds at or above 100mbs. That means that on that one drive I can serve two clients a copy of an Avatar-sized Blu Ray (which has 48 mb/s peeks)
Seems there are some confusion to speeds here. A typical harddrive can do 100 MByte per second++. BluRay tops out at about 50 mbit per second. That's only 6.25 MByte per second, way slower than the harddrive. As pointed out by someone else the seek time on the harddrive is the bigger issue, but how many simultanious reads you can have of 6.25MBps on a single drive should be more than two. Don't have data on it though, give it a whirl. In either case, you'll be able to do more simultaneous streams off a raid 5 or raid 6.
As far as reliability goes, moving a Linux raid 6 to another machine is as easy as connecting the hard drives and installing md. Debian and Ubuntu already come with md so if you connect the drives your array is automatically assembled. It doesn't rebuild unless there was a drive failure or inconsistent state (such as a powerloss), nor does it write anything until it finds something that needs to be written during the check. Replacing a failed drive is as easy as adding a new one to the array.
Last time I tried software raid on Windows was with Windows Server 2003. At that point it was horribly slow compared to Linux on the same machine (30MB/s vs 130MB/s or so) so I went with Linux. It might be better now (and hardware is faster in general) but I'd still recommend Linux with md.
Any raid that comes with your mobo should be shunned like witches. (The bad kind.) I had a go at nVidia raid once, and the stuff I had to do to get my data back was a nightmare. Never had such issues with md raid even if I've had about twelve harddrive failures the last five years or so. Not a single data loss, and all drives were replaced on a running system.