The best way to sum it up is:
Linux offers RAID (classical RAID)
FreeNAS (FreeBSD not Linux) offers ZFS (Oracle/Sun Microsystem's solution for enterprise storage)
ZFS > RAID 5/6 in every which way, performance, data integrity, recovery, creation. The list continues, RAID 5/6 is just a mess.
ZFS Mirror > RAID 1 when it comes to data integrity, but RAID 1 has a slight performance advantage of ZFS Mirror.
ZFS is becoming increasingly popular in the enterprise space. The link above is a article by Anandtech where they compare a ZFS NAS to an enterprise hardware RAID system (in the R100K price tag range).
Then comes the second part.
Setup of Linux = Mission + hours of Googling, everything is tedious.
Setup of FreeNAS = Web-interface, everything is point & click, takes minutes if you use the tutorial as a guide.
To setup S.M.A.R.T monitoring of all your drives with error reports VIA email on Linux is a lot of work. On FreeNAS you click a few options.
To setup emailing if your software RAID is having problems in FreeNAS means filling out the email information, once again in Linux a mission.
The last part is sabNZBd. FreeNAS 8.2 is slated for release THIS month. The mayor change in FreeNAS 8.2 is plugin support.
Currently the 3 plug-ins available on the beta is sabNZBd, SickBeard & CouchPotato

So you can bet that once the release is made end this month, it should have sabNZBd.
Lastly, running FreeNAS on an old PC:
You need a lot of RAM for FreeNAS (4GB minimum, 8GB recommended). CPU usage is not that critical but older PCs do tend to use a lot of power, so you might benefit by getting something like a HP Proliant Microserver which is low power.
If you have less than 4GB RAM, then give it a skip and go for Linux. FreeNAS won't even boot without 2GB and it'll be unstable with less than 4GB.
Bookmarks