Everything you mentioned above have equivalents when it comes to DAS RAID devices. The enclosure could fail, leaving you in the same position as if your NAS died. Buy a cheap hardware RAID enclosure, and you get what you pay for.
There are certainly NAS devices out there that are as reliable, if not more reliable, than many DAS options. You do have a different OS in the mix, but most of the time that is Linux, which is a widespread OS with lots of support.
I'm not saying that NAS is better than DAS for backup. I just don't see why NAS has any technical disadvantage as a Time Machine volume.
I think we are talking about different things here. I agree that RAID isn't backup. My question was addressing whether using Time Machine with a NAS RAID is any less reliable than using a DAS RAID as a backup volume.