Bluray and HD-DVD both use 96k so I was aiming for those goal, can always bring it down. I'm not sure the client will require 96k yet, but I was just looking into it. I plan on running 2 firewire 400 drives for audio only (each sharing half of the load). I could go dual internal but my G5 currently only accommodates 2 SATA drives so I'd have to boot off firewire (no issues there)...
And yes Whale Bone, this is true; no on the USB. I would never run a USB drive in the studio. I yell at my clients when they buy them even just for back-ups!! Firewire bare minimum for recording, and like it was stated, internals are better when possible. Not sure how many tracks FW can handle though. I've tracked about 10 to a FW 400 drive at a small live recording gig and I think I've done 14 drum mics straight to FW 400 drives in the studio. But then again , that was all 44.1k.
And dgatwood, I'm not looking for additional storage (I already have a pair of 400 gig SATA's in the tower) but more looking at the fact that high sample rates writes a LOT of data and a single drives write speed probably won't be up to the task, unless I get an expensive 10,000 rpm unit..