You're welcome (welcome to the forums too!)
I missed the part about already being setup
I've actually never heard of disParity before so I'll do some reading on that - it sounds effectively like the same system used by unRAID, but done as a Windows software solution - if it lives up to its claims its pretty clever.
Windows 7 will do software RAID depending on what version you are running, but you will be hit with the same limitations of RAID 5. In theory you could setup unRAID or another OS/RAID setup within Windows 7 using virtualization software like VMWare, but I haven't really used it much myself to be able to inform you of the best way to go about it and I don't think it's cheap. From having a quick google it seems this isn't viable without suitable hardware, as the emulation needed is too slow.
I was originally going to setup my Microserver on Windows 7 or Windows Home Server too, but then I decided I wanted the better data security offered by unRAID even if it sacrificed the HTPC aspect - but I have a gigabit network, PS3 in my lounge and PS3 Media Server running on my main computer, so that handles my media center needs.
Having just read a bit more on disParity and people using it on AVSForum it sounds like its your ideal solution
You could set a scheduled task up to run the parity calculation command as often as you like. There is a competing software RAID called FlexRAID, take a look at that too.