BTW, RAID is a false sense of security. I work for a major enterprise storage company which manufacturers NAS / SAN storage appliances, and it is well known in the industry that RAID basically is designed primarily to allow the appliance to continue to serve data after an array suffers from a single drive failure (or two-drive failure in a raid dual-parity array). Then, if the drive has failed and is causing a loop or system instability, then user is instructed to pull out the faulty drive, and the degraded array should be able to continue to serve data, and then a replacement drive should be installed as soon as possible, as the array is then functioning in a degraded mode (if there are low spare disks available in the system). I speak of a full size enterprise appliance in that example..
Even with RAID, you should always have a DR system (disaster recovery) which you make full and incremental backups to so that in the event that you loose an entire raid group then recovery is possible. This will also offer better protection in the event that files become infected by viruses or data becomes corrupted for example (which RAID has no chance at protecting).
For the above listed reasons, I like to operate my DNS-323 under JBOD mode (not raid, but individual disk mode), and I use rsync (through cron-jobs, scheduled tasks) to copy all my data from my linux and windows servers to the DNS-323 separately. I make it copy to one drive, then copy to the other one on a different schedule, so if I get a virus, there is a delay before the new data reaches the second drive. I only use my 323 for backup only (so my data is actually copied to 3 locations). I also copy crucial files to a cloud storage provider in case my house burns down.
In your setup where you may be using the 323 as a primary NAS storage device, during normal operation you could configure it to JBOD mode and just use rsync to copy the data from one drive to the other.
But for now, see if unit will boot up with just the one drive. If not, then get another 750GB drive, install it and see if it boots. If not, then pull the good drive, buy a USB to sata adapter (maybe $14 bucks) so you can plug it into a PC which can read ext 2/3 filesystem like a Linux machine (or just use a Linux tool cd to boot from) where you can mount the drive and pull the data to another location.
And as a last note, any time you integrate some form of backup and recovery system, you should always test the recovery strategy before trusting your data onto it.
It amazes me still how many Tier 1 enterprise companies do not test recovery strategies before deploying their systems and then they call us when they have corrupted the data in a LUN and want us to try and recover what cannot be recovered, since they had been taking inconsistent snapshots the whole time (w/o quiescing the DB first) or some similar scenario like that. Had they tested it first, they would've learned that they needed to stop I/O on the DB so it would be in a consistent state prior to taking a volume snapshot is the example there... Simple testing would've uncovered that.
The Tier 3 or 4 enterprise environments always test every possible failure scenario in a dev system, and documenting the recovery procedure there before ever deploying it to the actual production environment. Now I am not saying you should go that far necessarily, but in the future you may want to test a few scenarios with some test files loaded onto the drive or raid array (like pulling drives and seeing how easy it is to access the data in the event of a failure).
But as a last note, my opinion is you should always have your data copied to another physical device at all times so if the device completely fails your not ever dead in the water (no single point of failure).
Large companies like banks, investment firms, government office, etc, ALWAYS have their data protected with snapshots, local raid group mirrors, metrocluster sync mirroring, DR site snapshots, backup to tape archives, etc, with up-to-the-minute restore capability because it means a lot to them that they cannot forget what your balance is, how much interest you earned, or how much tax you owe.
Your family pictures and certain things like that cannot be replaced either so you may want to continue looking for a reliable backup / recovery strategy that is safer than just using RAID by itself..