You could probably fit the storage you need in a base model Poweredge T410, holds up to 6 drives, and comes with a minimum 6GB of RAM (which is going to be extreme overkill IMHO). If your future storage needs during the lifespan of the server are going to bypass 3-4 TB, then you could upgrade to the T610, as it has 8 drive bays.
As sclith said, most of your money will go into disk, tape drive, and of course the 24/7 warranty. The one thing I have noticed purchasing servers this past year for the non-profit organization I work for, is that a 5 year warranty isn't that much more than a 3 year warranty, so we always seemed to get it. However you also need to factor in the usefulness of the server in those last 2 years. Will it need to be upgraded before then, making the extra warranty useless? For us, since we are never sure when we will be getting funding for IT, the 5 year was a no-brainer for us.
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