Read performance too? I have no clue honestly, we use real controllers at work and for home use I only setup a RAID 0 via BIOS once. I can imagine rebuilding would take days with fake-raid, the low write speed is no problem for me. I want to store my picture collections, videos, music, etc. and thought either RAID 5 or 10 would be the best way.
Read and write speeds aren't all that great. The processing overhead inherent to RAID 5 just kills the performance compared to say RAID 1 or RAID 0. Rebuild's aren't as bad as you'd think, but again the read and write performance is fairly horrible. For a pure storage volume this may be acceptable but for something you may have your OS on, I wouldn't recommend it.