sawi0024 is totally right! For reading, RAID5 offers the same
potential as RAID0 does. Unlike RAID4 as sawi pointed out, RAID5 has all parity data distributed over all drive members. This means that for reading, all drives can used for reading without ever touching parity data or calculating any. For writing however, one virtual drive is sacrificed since it has to write parity data; so you have a theoretical performance limit of a RAID0 array with one disk less. So if a RAID0-array of 3 disks can write 180MB/s, a RAID5-array of 4 disks can do about the same assuming the driver is 100% efficient.
However, many people forget that when talking about RAID there is the theory and the reality. The reality is that RAID drives do not fully utilize the performance potential RAID offers. A good example is RAID1: it could also read just as fast and potentially even faster than a RAID0-array, but many drivers will only have the read performance of a single disk or slightly above that (round-robin). Some more advanced drivers like geom_mirror can however utilize the read potential of RAID1 with load-balancing schemes.
So when we are talking about RAID-performance, we talk about the performance of a specific
implementation of that RAID-level. So don't get mislead by the "RAID0" and "RAID5" tags on the Toms Hardware screens; it should say "Areca ARC-1220 RAID0" or "JMicron RAID0" instead. In the screenshots, it can be seen very clearly that the specific RAID engine used did not scale beyond 380MB/s or 5 disks in RAID0. Software RAID might have done a much better job. This is Windows software RAID for example:
Does a much better job than the scores in the THG screenies, and this is just Software RAID0 function of Windows with the drives connected to the onboard SATA controller. Ofcourse, IOps performance is more important than throughput, so this 500MB/s array might still be busted by an SSD which can only do 200MB/s in real-life benchmarks.
I've yet to see a software RAID5 driver for windows that does a good job. Linux and especially BSD already can provide high RAID5 performance but for windows the drivers are in pretty bad shape. Most do not support write buffering so have piss poor write throughput and they may also have reliability issues, issues which can cause undetected corruption or inability to access the data.
Therefore, i'm somewhat sceptical to suggesting RAID5 for gamers. Buy an SSD! Its going to make much more sense, since SSDs rock in terms of IOps performance, especially if you're getting a good one, like this:
*drool* up to 2TB of SSD storage with internal RAID5 with BBU and DRAM write-back buffer, and PCI-express x8 interface. Gives you around 1300MB/s or so, and a bunch more IOps. =)