Hardware Raid vs. Software Raid

So - I have a cheap MB with 2 SATA ports and it supports hardware raid 1 for mirroring. Which is better - hardware or software raid?

Which is fastest?
Which is easiest to maintain. If broken on hardware raid - what do you have to do to fix it?

Software raid lets you rebuild while the system is running. Can hardware raid do that?

Raid is VIA VT8237 - AMD Semptron CPU

Going to run FC4 on it.

 

 

 

 

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