I bought an old IBM SCSI RAID controller for $30, it handles up to 2 GB drives quite well! A newer card will not have this limit. But for $30, I got a heck of a boost from the IDE system.
Using IDE drives, I believe that you will cut performance by half compared to non raid on the same drives, since the hardware isn't "parallel" compared to the SCSI raid which puts each drive on a separate channel.
One other option might be a massive increase in memory.
mike