Topic summary
Storage Spaces

Extracted from the Wikipedia article Features new to Windows 8.
Storage Spaces
Storage Spaces is a storage virtualization technology which succeeds Logical Disk Manager and allows the organization of physical disks into logical volumes similar to Logical Volume Manager (Linux), RAID0, RAID1 or RAID5, but at a higher abstraction level. A storage space behaves like a physical disk to the user, with thin provisioning of available disk space. The spaces are organized within a storage pool, i.e. a collection of physical disks, that can span multiple disks of different sizes, performance or technology (USB, SATA, SAS). The process of adding new disks or replacing failed or older disks is fully automatic, but can be controlled with PowerShell commands. The same storage pool can host multiple storage spaces. Storage Spaces have built-in resiliency from disk failures, which is achieved by either disk mirroring or striping with parity across the physical disks. Each storage pool on the ReFS filesystem is limited to 4 PB (4096 TB), but there are no limits on the total number of storage pools or the number of storage spaces within a pool.