Sure, I'll break it down for you:
1.) SATA RAID is popular now, IDE RAID only has a tiny amount of residual (left over) popularity that's quickly disappearing. They most likely designed the board primarily to support 2 SATA RAID controllers, then added the one IDE port as an afterthought.
2.) Drives aren't that fast, typical ATA133 drives can transfer around 1/2 their rating to/from the rotating disk inside the drive. As in, somewhere around 66MB/s.
3.) There is memory on the drive interface, called Cache. It can fill up very quickly.
4.) Transfers only occur 1 drive at a time. But while the controller is moving data into the cache of one drive, the other drive can be transfering data from the cache to the disk. Therefor the loss in peformance has the potential to be minimized.
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