Several misconceptions here.
Firstly, there are different levels of RAID : 0 to 6, with 0+1 being another commonly-used level.
RAID levels 3 to 6 require a minimum of three disks. RAID 5 is the most common. Basically it shares enough of the data (striping+parity) across the three disks so, if one fails, the data can be rebuilt from the stripes on the other two. This is /was the most commonly used RAID in the computer indUstry, and is often combined with the idea of hot-swappable drives.
RAID 0 uses striping without parity, so the minimum of two disks are seen as one by the operating system. It's also one of the fastest methods, but losing one disk will indeed kill the entire array and all data will be lost.
RAID 1, mirroring, involves a minimum of two disks, one of which is a mirror of the other, so every time data is written to one disk it is written to the other. In the event of disk failure, the irror copy kicks in. As you'd imagine, double writes mean it isn't the fastest.
RAID 0+1 combines the virtues of both and is in common use, particularly where graphics and music are concerned. The minimum number of disks required is 4.
I presume from the fact two disks are mentioned in some of the posts that it's RAID 1 being discussed here? Fine for itunes music, but anyone using apps that do many reads and writes ÿwill notice performance drops.
You should always have a backup anyway. I copy my stuff to DVD - can take forever, but at least it saves repeating those hours of ripping. And in case others think that is being obsessive, having once had to re-construct a large commercial network after a lightning strike which burnt controllers, disks, switches, you name it, only to discover that the backup system had failed due to the incompetence of the person whose responsibility it was, I learnt a salutary lesson!