Yep, that Wikipedia entry is bang on the money.
When it comes to specifying a RAID system, you have to consider a triangle. At one point is the total capacity of the system. At another is the number of disks that you can tolerate failing. And the third is the cost.
You can calculate the capacity of the array thus:
Number of disks = n
Capacity of disks (assumes all the same, or use size of smallest disk) = c
RAID 0: c * n)
RAID 1: c * (n / 2)
RAID 0+1: c * (n / 2)
RAID 5: c * (n - 1)
RAID 6: c * (n - 2)
RAID 10: c * ((n - 1) / 2)
One area that the Wikipedia entry misses out is that modern controllers can do RAID 0+1 on two disks, and that this will typically include your ASUS board. This is done by striping the disks, and then mirroring them.
It doesn't work like this, but it's a convenient aide memoire: Imagine two rectangles next to each other. Divide each one in half horizontally. This gives you four squares. Each file you write will be half in the upper square, and half in the lower square, and mirrored with its corresponding square on the opposite disk. The beauty of this is that both drives can write the file at the same time. One disk writes the upper half, and the other disk writes the lower half. Then, when they've completed, each disk updates its mirror of the other. This allows a RAID 0+1 disk to operate with exceptional performance whilst maintaining data integrity and redundancy.