What do you think of these components for my first server build?
The server will be used for storing backups of home PC and Mac's, storing pictures, music and movies, it will be used to stream movies to various devices, so trans-coding on the fly will be a requirement. I also plan on running a VM of Windows 7 I'll use for various other tasks. It could be possible that 1-3 machines could be accessing or streaming from the server at a time. Probably won't be doing any gaming from the machine since I really don't have any time to play anymore.
OS: Windows Home 2011
Case: Fractal Design Define Mini MicroATX Tower
Memory: Kingston 8GB (2 x 4GB) 240-Pin DDR3 SDRAM ECC Unbuffered DDR3 1333 (PC3 10600) Server Memory Model KVR1333D3E9SK2/8G
CPU: Xeon E3 1230 V2 (Ivy Bridge)
Motherboard: Supermicro MBD-X9SCM-F-O LGA
PSU: Antec EarthWatts EA-650 Green 650W
HD OS: 2 x 250GB HDD (Raid 1)
HD: 3 - 3 TB Green Drives (Raid 5), May go 4 - 3TB Green Drives if I go (RAID 10)