Controller Name ARC-1880IX-16
Firmware Version V1.49 2011-08-02
BOOT ROM Version V1.49 2011-08-02
PL Firmware Version 9.0.2.0
...
System Memory 4096MB/800MHz/ECC

It took a few minutes to initialize a 120GB volume. (5-6 minutes or so)

I ran a few benchmarks and it looks to be working just fine.