I just bought three brand new rackmount Compaq servers and they all run SCSI RAID 5. They don't cost any more to run and maintain because I swear to god nothing ever dies in a Compaq Proliant server. Seriously. That's obviously not true, but I'm telling you the things are tanks. They just run and run enlessly. I have a server that's at least 7 or 8 years old with a RAID 5 array and it has never, ever had a single hardware problem. Not so much as a fan or power supply has gone out on it.
As for RAID 5, I'm not sure when it debuted, but it's been around for ages. pushing 10 years, I'd say, maybe longer so answering this question really won't do you much good.