Well I never consider RAID 1 pointless, but typically I build workstations that need to be operational "no matter what" during work hours. I do agree, that for most home set-ups, RAID 1 can be a waste, because it's no replacement for backups. Read the FAQ for advantages and disadvantages...
http://www.tomshardware.com/forum/43125-32-raid
With that being said, as I have mentioned before your controller card may support the ability to clone the drive into a RAID 1 set without destroying the data. We would need to know the type of controller to know for sure. Or you could read the motherboard manual if its on-board.
Assuming it does support this, your migration steps would be as follows....
1: Clone your existing drive into the new RAID 1 set.
2: Using re-partitioning software if needed, create a 2nd storage partition on the RAID set and move all of your files to be saved onto that partition.
3: Now you can Re-boot with your Vista Set-up Disk and Install a new OS on C: safely. You can re-format the partition safely because all of your files now reside on D: Just make sure you don't re-format D: in set-up.
4: Voila'...You now have a RAID 1 set with a new OS without losing any data.
You only have to do these steps if you are choosing to install a new OS. If you are not, then clone the drive in the controller card BIOS and you're done.
If your controller does not support this feature, then you are pretty muched fooched, and need to make backups and start from scratch. You probablly should make backups anyhow, in case something goes wrong
An alternative 2 drives non-raid as follows....
Drive 1: C: windows/System + swap file ( 40GB ) /// E: Storage Files ( 100GB ) /// G: Image of D ( 80GB )
Drive 2: D: Large Programs + swap file ( 80GB ) /// F: Image of E ( 100GB ) /// H: Image of C: ( 40GB )
If Drive 1 fails then your OS and storage image can be re-loaded from Drive 2
If Drive 2 fails then your files are still backed up on Drive 1
This Layout of splitting your Programs and OS on different spindles will probablly yield more performance than a RAID 1 without the Risk of RAID 0. Typically you would install whatever Programs that access your storage files on D: and only the OS, System tools, and A/V on C: Partition size can be changed to reflect your usage patterns. The only sacrafice you make is the added time of restoring your images if a drive fails. With intelligent planning, using multiple partitions and multiple individual spindles ( or even RAID sets ), can improve performance and reliability when a small number of drives are involved.