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4x Opteron 2.3GHz Quad core
16GB RAM
2x 15k 173GB RAID 1
3x 7.2k 1TB RAID 5
And the total was $11,780 canadian dollars, or approx. US$9161.31. So that's a savings of over $6000. With that savings you get slightly faster CPUs, an enterprise class rackmount chassis, full hardware level remote management (you can even install an OS on it from half way around the world), redundant power supplies, hot swap drives.
You'll lose a couple of drives (an external drive cage is dirt cheap), and of course that lovely fan wart on the side of the case... :p