No, it isn't. I read the following from the Soltek online manual:
"Supporting an additional RAID IDE connector for one more RAID IDE hard disk with up to 133MB/s transfer rate"
Do we take this literally...."one more RAID IDE hard disk", meaning one physical drive? I think that is the case. I'm not sure how you have a RAID array with ONE drive

.
Also, when reading through the available user reviews on the Chaintech, it is disappointing what is actually supported in that configuration. Here is a sample of the user comments:
"you will be able to hook up two hard drives to this motherboard through the single raid port and set the array up striping for performance,but you will be limited to two hard drives
while other motherboards would come with 2 ports allowing you to stripe 4 hard drives together for an evern greater performance increase this is the only "flaw" i can see with this motherboard. not a big deal for unless you can afford 4 hard hard drives "
"2 drives CANNOT be connected to the IDE RAID socket to create a RAID array. 1 master can be connected, other drives must be added using the serial ATA connections."
What I am reading is that none of the existing nForce2 boards support more than 4 parallel IDE devices (unless you buy an additional IDE RAID controller board). Even if a third IDE connector is provided, it only supports a single drive which must be configured in tandem with a serial ATA drive. This is a definite limitation.
My reason for focusing on this is that I have an Abit KR7A-RAID board which is limping and needs replacement. I would like to upgrade to an nForce2 board, but, with over $400 invested in the current RAID array, two 120GB and two 100GB drives, nothing works unless I want to spend the extra $ to buy a separate RAID controller. It leaves me wondering why?