Via 686 chipset is notorious for having problems with interrupts.
Make absolutely sure that neither your NIC OR SB LIVE! is sharing an interrupt with any other peripheral, especially your RAID controller!
If your system seems to share IRQ on all devices, you indeed have ACPI on. Read more about 686/live problems and removing ACPI from
www.viahardware.com I had a world of trouble setting up my KG7-raid system, it just wouldnt work untill I got rid of each and every IRQ conflict I had in the system. Also there is a small patch which is supposed to fix all 686 related problems. You can download it from
www.via.com.tw. And yes I run w2k too.
AH symptoms were choppy fr, blue screens, ctd, you name it.
Via patch + ACPI off.. smooth as silk, now even overclocked to 1564Mhz =)