Apple has not officially issued the press release as of yet, but buried in the announcement for the new Xserve rackmount servers was a teaser for another new product. The company will be releasing a 2 Gb Fibre Channel RAID solution, and previewed the unit at the press event for Xserve. That snippet:

Apple today also previewed its new high-performance RAID storage product featuring industry standard 2Gb Fiber Channel, which will be introduced later this year.

C|Net is reporting that the RAID solution will be called Xserve RAID. The storage unit will include 14 drive bays, with a capacity of up to 1.68 Terabytes. From the C|Net article:

Apple also previewed a future storage device, the Xserve RAID, a 5.25-inch thick cabinet that can contain 14 hard drives for a total capacity of 1.68 terabytes. The system has two 2-gigabit-per-second Fibre Channel connections, a high-speed connection technology for communicating with servers.

You can read the full report, which covers analyst reaction to Xserve and other related information, at C|Net.