RAID-0 is used as a way to get faster performance from spinning disk drives, as you can return parts of each read request from different (striped) drives.
You also get better write performance, as your writes are split across the drives.
My recent project, which was relatively small, played back a single video over 4 blended projectors. Each video frame was a 50MB uncompressed TGA file, 30 times a second. On a more complex show, you could be trying to play back multiple video streams simultaneously.
D3 - http://www.d3technologies.com/ and Pandora - http://www.coolux.de/products/pandoras-box-server/
are two of the big players in the industry.
Ouch! Not even a PNG?
I'm not an expert on the exact architecture, but I'm guessing that with uncompressed TGA you just throw the bits at the GPU and they get displayed, while if you have to uncompress images that first gets handled by the CPU (?).
The sort of people who need to know that but don't aren't going to learn it from a post on HN, and the sort of people who'll read it on HN mostly don't need to be told.
It's a pretty ineffective way to guard against data loss, you need backups.
RAID [1-6] is an availability solution, saving the downtime of restoring from backup in the case of the most predictable disk failures. It doesn't help with all the other cases of data loss.