according to the manual for the motherbd you say you have, there is no support for ide or sata raid? Do you have a different motherbd than ther ms-7592 you posted? maybe you typo'd?
yes, all cheap adapters are software raid and some are even worse than windows/linux's built in software raid.
But yeah if you have it then go ahead and try it. AS other have told you this will not be fast...
plug in the two drives, remember to set the drive at the end of the cable as master and the other one as slave. Boot up into the bios and set the ide for raid, reboot and enter the raid bios (usually ctrl+f), Configure a raid 0 using both the drives, format the drives. Boot into windows, go into your drive manager if windows doesnt auto detect the new hdd and initialize it. When its done you can use it.
if you have to install windows to this raid I sure hope you have a sata dvd drive...
if you do be sure to have the windows raid drivers ready. You will need to press f6 during windows install to load these drivers for the install program to see your raid.