RAID arrays use various schemes to give you data redundancy OR speed increases OR both.
The system you linked to supports two modes: RAID 0 or RAID 5.
In RAID 0, there will be no redundancy of data (no extra safety net), but your reading and writing speeds will increase dramatically (it stores files across multiple drives so that you have multiple drives working at full speed during loading instead of one, cutting the time to a fraction of what it would be for one drive). This is fairly useless for photography, probably, because not much time is spent loading images into programs or saving them. Editing is what uses up the most time (in my experience anyway).
In RAID 5, part of each drive is used for redundancy data (to make it more likely you can lose a drive and still not lose data), and part is used for moderate speed increase. It's sort of a compromise between the two extremes possible. You could probably lose ONE of your drives in the array and not lose data, but not more than 1. And it won't be as fast as RAID 0. Still faster than a normal computer hard drive though.
Neither mode allows you to just yank out drives willy nilly. Your data is distributed across them, and they work as a team. If you yank out a drive in RAID 0, you will lose all your data, I think. If you yank out a drive in RAID 5, it can compensate, but it will put stress on the other drives, and you can't yank out 2.
If you want just basic backup and don't care much about extra read/write speed, then a RAID is way more expensive than what you need. Just go buy a $50 external hard drive or two and copy all your stuff to it. Maybe use a sync program to make it easier. Done-zo. Not $800 RAID setups.
And in some cases, external hard drives would be better anyway, because they are disconnected when in storage, so you don't have to worry about them getting hit by heavy electrical surges (which could take out your computer AND your entire RAID array at once...)
If you want double backups, get an external hard drive + make CD/DVD copies of your work occasionally
Another cheap possibility for somebody who wants long term storage that they don't intend to use very often or ever is Amazon Glacier:
http://aws.amazon.com/glacier/pricing/ 1 penny per GB a month, but is very expensive to access all at once (cheap to access slowly and in small amounts. up to 0.2% of total storge can be retrieved daily for free.). For say... 10GB of storage, you would pay $1 a month, and if you lost everything, you could retrieve up to a few images per day for no cost. If you would want faster recovery than that, there are other more expensive but less penalized for fast recovery plans too.