Following your suggestion......
I've just got 2 DELL PERC 5/i + BBU and 512 MB (Ebay €. 110,00 each one)
I've plugged in my ML115 G5 Quad Opteron with 4x 2048 MB Corsair DHX Dual-Path DDR2
Plugged 4 sata cable to 4 x 500 GB Barracuda
Switched on
2 minutes for configuring RAID (created only one datastore with max capacity available with speed format)
Booted with my ESXi 4.0 Build 164009 from my USB Pen Drive
System has been recognized immediatly (it seems that storage attached to PERC is Parallel SCSI even if it is SATA)
Now it's time to upload some vm's
Ciao.