Okay, thanks =)
Concern One:
Size - according to pcpartspicker.com with WD RED drives, the 3tb is the best value 5400 rpm drive so good choice already, my experience is more with storage servers which can be tucked away. Most motherboards can do RAID 5 which is fine, (using on board things)
With $300 right now to spend on 6TB of storage, and with the drives going for ~$143 each, it looks like your choices are a RAID0 or JBOD with two drives. I would strongly suggest going for RAID6 however (RAID 6 is double parity, so n-2) as the chance of data loss after losing one drive is less, you both remove the likelyhood of a URE during the rebuild (1 in 10^4 read bits per drive for consumer, which is one in 11.6TB, spread over 6TB's is a high risk for single parity.)
I point you in the direction of servethehome.com, albeit their simple model is going to be flawed they're the best i've found recently.
http://www.servethehome.com/raid-calculator/raid-reliability-calculator-simple-mttdl-model/
Backup - I want to repeat this, RAID is not backup. It doesn't replace backup, it means you don't have to spend time recovering your data as it's still there after a drive failure. RAID means you have redundancy in case of failure, a backup is more offline and you can bring it out to recover your RAID in case you lose the array. Using some calcs, it'd require 240 single layer blu rays, and cost ~$350 to buy 6TB of offline storage, but that'd be an example of a backup if your array failed. Alternatively you could already have the movies on blu-ray and just have to re-rip them, or if they're from itunes/amazon you could re-download them and recover that way? It's all about time/money spent recovering versus time spent making a backup or redundant system so you don't have to do much to recover.
Media storage performance - the waits you speak of would probably involve spinning the drives up. A 10gb 2 hour movie approximately has a bit rate of 1.4 MB/s so i assume reading it won't be too difficult.
Noise - my best preference to keeping noise down is putting it in the appliance cupboard, networking can do the rest. If you have a spare PC this may be a good idea? it simplifies HDD selection based on price per gigabyte. The WD red is a good choice and is good $/gb so no qualms from this side.
RAID5 helps as you still have access to the data when a drive fails, although the likelyhood that you'll survive a rebuild could be quite low, it enables you to pull actual important data off the array. RAID6 with an array this large means that you're more likely to actually survive a rebuild, however it adds an extra drive compared to RAID 5. RAID 6 has its own special requirements such as increased computational complexity and most motherboard chipsets don't do it. You can use your OS to do it, although if your OS drive goes, so too does your array.
Another thing about RAID is that once you pick a level you're stuck with it (unless there's a fancy migration tool, which if your computer crashes in the middle the data is toast), you can't easily add storage without adding a whole other array or killing your array you have now (there's migration tools still but yeah....). With ZFS you add arrays to a pool, so if you bought 4 3tb drives for 6tb RAID6, to get to 12TB you'd have to buy another 4 drives. Then you have 8 drives and 12tb of storage space, whilst with 8 drives and double parity you'd have 18 TB, or with triple parity and 8 drives you'd have 15TB.
So it's hard to expand with RAID. With your $300 now you could buy 2 3TB drives, and later down the track spend $300-400 on drives which are hopefully cheaper so you can do a RAID6, migrate the data, and save for two more drives so that you can get RAID with the original 3tb drives you bought to get to 12TB.
Currently the cheapest way to get RAID6 & 6TB & red drives, would be to buy 5 2TB drives (that's a lot of spindles though), which totals to 6TB exactly, assuming you had hardware/software to do RAID6. With red drives that comes to $525, versus $572 for 4 3Tb drives. However, if one were to get Seagate Barracuda drives, they're $115 each atm for 3TB, that comes to $460 for 6TB RAID 6, one could buy a 2nd hand PC for the $100 saved compared to WD RED's and put a computer away somewhere & network it.
Cheers,
BBCXC