Mostly correct. Linux has extensive support for various types of hardware RAID devices. This device will most likely be one of those supported devices, so that being the case, you'll be able to recover your data without issue. I have no experience with MS virtualization, but I imagine they use file-backed devices. If you can recover those files, there is probably a utility somewhere that will convert them to VMDK or some other useful format for loading with VirtualBox or KVM. If they are device-backed (think LVM-backed volumes), you'll need to first identify which partition is used by which guest and dd the image.
-S