RAID1, raid 1 is double the read speed (like raid0), same write speed as a single drive (unlike raid0 which has double write speed), and is the absolutely most reliable form of raid, bar none. It is also the easiest to upgrade, since drives simply come in pairs.
However, with RAID 1, 2 x 500GB drives = 500GB of storage. make sure to make seperate arrays for more drives than 2. So if you get 4 drives, don't make a raid1 of all 4, make 2 separate arrays, each one a raid1 array of 2 drives.
RAID1 is aka "mirroring"
RAID0 is aka "striping"
read:
http://en.wikipedia.org/wiki/RAID