Correct me if Im wrong, but this guy wasnt asking about the technical aspects of nested RAID arrays? You look way smarter answering the question that was asked, lol.
No, you cannot run a RAID 0 array and a RAID 5 array on that board.
This configuration would require a minimum of five SATA ports to accomplish. That board only has four.
RAID 0 requires 2 or more drives.
RAID 5 requires 3 or more drives, with the storage capacity of the logical drive being equal to the capacity of all (identical) drives drives in the array minus one. In other words... 3 100gb drives would yield a 200gb logical drive, 4 100gb drives would yield a 300gb logical drive, etc.
There is not a 975X board available that can do that on a single RAID controller, even intel 975X boards with eight ports are really 4+4. There are some wonderful core 2 duo nVidia 680i SLI chipset boards that can use up to six drives in an array, and support RAID 0, 1, 0+1, 5, JBOD (spanning), and 50. Asus, Gigabyte, MSI, and DFI all make great 680i based boards. Expensive tho, thats the hottest chipset on the market right now, nVidia's 975X crusher. At any rate, this is an option for you to accomplish your goal. Plan on dropping around $300+ for a 680i SLI mainboard.
Since you are striping your OS, and since onboard RAID uses the CPU for processing, I would consider getting a 3ware 9650SE-2LP. Ive found that card for around $200, cheaper than a (680i) mainboard upgrade. Its a PCIe card that would work nicely in your 4x slot on that board, altho actually, it only requires a 1x PCIe slot, as it is a two port card. It's true hardware RAID, doesnt use system resources for anything. Another thing is that this card will carry over into your next major upgrade.
Im going to guess that you are looking to protect data, but also increase capacity beyond what a mirror(RAID 1) allows. You only really have the option of mirroring if you want to keep the dual logical drive configuration. If all of your drives are identical, you can do a single RAID 5 array. RAID 5 is only weak on write performance, read performance is fairly good, redundancy could be better, but certainly beats a single drive.
Hope that was the answer you were seeking.
Regards,
Scott