Yea, the RAID controller is just showing one physical (well, Logical) disk to the OS. This is fine.
Partition it as you like. Here's how I usually do my Linux systems:
/boot - 100MB
/ - 10GB or so
swap - twice-ram - up to 4GB
/var - the rest
The systems I tend to build don't have users so I don't create a separate /home structure. They also only get security updates, so I leave /usr alone. As it's only admin users who access it, I'm not too worried about users installing unwanted stuff.
But /var in a RH system houses all the logs, the mail/print/etc. spools, the web-site, mysql/postgres database files, so it's logical to have it big.
By the same token, you're system goals might be completely different to mine :)
The RAID controller doesn't care about partitions. It's just giving you one, BIG, redundant disk. What you do with the disk is up to you.
Have fun :)
One long-haired git at your service...