Lots of storage

If I buy one of these: and five of these:

and stick it all together using Linux software RAID, will that work as a relatively cheap (£370) 2TB RAID-5 storage array?

Will it be very noisy, and if so, should I be looking at getting one of these too so I can stick it in another room?



As you might imagine, I'm giving the whole question of backups a lot of thought at the moment...