Why is it a terrible idea? I thought that was the whole point of Thunderbolt.
The point of thunderbolt is external PCI support/ high bandwidth connections. I can't recall if it supports system boot, but you'd be placing your boot drive on a shared channel with your data. You'd be better served with that drive inside it. Apple doesn't have to do this for you. You could use the same ssd you were going to put in the promise enclosure in the mini. It uses 2.5" drives.
I assumed we were still talking about fragmentation and I only read up about DiskWarrior after I had posted.
You were talking about something and I was thinking of something else.
What does this have to do with this discussion and why does it bother you what computers I have without knowing what I use them for? I have a MBA, a MBP and a Mini and I am waiting for the new Mac Pro. I also have a crap Windows laptop and quite a powerful PC. Is this acceptable for you?
Perhaps I typed in the wrong place. I meant for the OP. He owns an air + an old G5. He was going to buy a base mini on top of it. It would be faster, but i'm not sure the increase in speed on the computer end will be up to his expectations. I wasn't referring to you (sorry if I made it seem that way), and yeah I'm waiting on the new mac pro too

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Hmm, 'noisy as hell' sounds bad! I like a low level background hum (masks the tinnitus!), but I don't want a hair dryer under my desk. Anyone confirm that these things make a racket?
Re. display, I was planning on plugging my Eizo CG275w into the Pegasus with a miniDP to DP cable.
"Scratch partition" is a bad idea no matter how you look at it. You know I have been through so many computer headaches myself that I don't really want to see others go through similar ones. If you were partitioning a backup boot drive or something like that and using the fastest portion for scratch allowing a generous amount of extra space, that might work. The problem with your method is it will be accessing the same disks when it reads data and has to scratch portions of this data. It's going to put a lot of unnecessary wear on your drives, and partitioning a prosumer grade raid box into two raids over a single controller is just asking for problems.
It's kind of like I said before. It sounds like you are just going to end up spending a lot for what you gain in performance. Depending on where your data is currently saved, the raid might be beneficial, but my thoughts are that you'd probably see the biggest gain via a lot of ram due to 16 bpc files at the sizes mentioned. 16 GB for a mini is still cost prohibitive today, but that may change soon enough. You can partially determine your benefit from ram in CS5 on (which is 64 bit mac side) via keeping an eye on scratch sizes and disk paging (via activity monitor). If you're working with large files, I can give you a checklist to help conserve ram and speed up your system. It was designed more around the old 32 bit limitation though.
Regarding noise factor, take a look at the Apple site. Go to the promise enclosure and look at comments. You'll notice the two biggest complaints are DOA drives and noise factor. Most of these external enclosures are pretty audible. If you find a good one that uses high quality fans, it can be much less of an issue. I've upgraded fans on some personally. I haven't looked at what is inside one of the Promise enclosures. Cheap fans do get noisier as they age.
Regarding the Eizo it's an excellent display.
Edit: oops got threads mixed up, it was someone else that was marked as from the UK, thus the reason for being jealous of their pricing from Eizo. The CG275w has a mini displayport connection, so you wouldn't need to use an adapter. I would ask Eizo first if this configuration works properly. They're very good about testing (I switched to them after three bad NEC experiences even though some of the NEC people are really nice).
Bleh that got really long.