I recommend giving more space to the free/not partitioned portion of the hard drive. Sometimes the system does not allow to create a raid volume due to there is lack of space in a partition. Check this link for more information http://www.intel.com/support/chipsets/imsm/sb/CS-029494.htm
Well...after making several copies of my system, I used the WIN 7 Disk Management utility to shrink all 3 partitons by a at least 10 mg each and I took a step backwards. Now I no longer see the "Create" button using the same Admin account I was using previously.
I think the RST configuration must be pretty messed up and will probably just wait until I have time to perform a clean WIN7 install when I have more time.