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Well, I don't know about this system, but as Peter said, Infrant's offering is really nice. Expensive, but nice. It's an expandable hardware RAID-5, and without drives, it's still expensive but quite a bit more affordable when you add drives by yourself, one at a time.
I ended up building my own RAID-5 system cuz it's cheaper and much more expandable than 4 drives. My current system can handle 16 drives at high speed (2x PCI-X at 8 drives each) and more if I'm willing to drop to PCI speeds (though for what I do, I doubt I'll notice that transfer rate drop).