How do I create a RAID10 array using EBS on Amazon?

Question

Basing this question on information I got in Why does df shows only half the size of a RAID10 array?, how should I create a RAID10 array using EBS volumes on Amazon, in a way that will not be redundant too much ?

As the linked question shows, I was using a guide from the 10gen company (that created mongodb) for how to create a raid10 array using EBS.

I encounter an issue with the size of the created array, and got the response that I should use a different approach for the LVM over MDADM usage of the script.

Since this is the first encounter with RAID at all for me, I can't seem to understand exactly the differences between what the script does, and the suggested way of LVM (nor do I understand how to do it).

I am a programmer and I consider myself very comfortable with linux machines which I've learned while trying to accomplish what I need to get done. Now arrived the time for me to know RAID installments.

Relevant information:
Instance is m1.large Ubuntu 11.10.

Here is the script from the linked question, for comfort reasons:

#!/bin/sh

disk1="/dev/xvdh1"
disk2="/dev/xvdh2"
disk3="/dev/xvdh3"
disk4="/dev/xvdh4"

echo "*** Verifying existence of 4 volumes $disk1, $disk2, $disk3 and $disk4"
if [ -b "$disk1" -a -b "$disk2" -a -b "$disk3" -a -b "$disk4" ]; then
    echo "# Found expected block devices."
else
    echo "!!! Did not find expected block devices.  Error."
    exit -1
fi
until read -p "??? - How big (in GB) are the disks (They should be the same size)?  " disk_size && [ $disk_size ]; do
    echo "Please enter a disk size."
done 

lv_size=$(echo "scale=2; $disk_size * 2.0" | bc)
echo "*** Assuming a per disk size of $disk_size gigs, will create a logical volume of $lv_size gigs, with $lv_size reserved for snapshots"

echo "*** Partitioning disks..."

echo "~ Partitioning $disk1"
echo ',,L' | sfdisk $disk1
echo "~ Partitioning $disk2"
echo ',,L' | sfdisk $disk2
echo "~ Partitioning $disk3"
echo ',,L' | sfdisk $disk3
echo "~ Partitioning $disk4"
echo ',,L' | sfdisk $disk4

sleep 6
echo "*** Creating /dev/md0 as a RAID 10"

/sbin/mdadm /dev/md0 --create --level=10 --raid-devices=4 $disk1 $disk2 $disk3 $disk4 

echo " ~ Allocating /dev/md0 as a physical volume."

/sbin/pvcreate /dev/md0

echo " ~ Allocating a Volume Group 'mongodb_vg'"

/sbin/vgcreate -s 64M mongodb_vg /dev/md0

echo " ~ Creating a Logical Volume 'mongodb_lv'"

num_extents=$(echo "$disk_size * 1024 / 64" | bc)

/sbin/lvcreate -l $num_extents -nmongodb_lv mongodb_vg

echo " ~ Formatting the new volume (/dev/mongodb_vg/mongodb_lv) with EXT4"

/sbin/mkfs.ext4 /dev/mongodb_vg/mongodb_lv

echo " ~ Done! Go ahead and mount the new filesystem.  Suggested FStab: "
echo " /dev/mongodb_vg/mongodb_lv /data ext4 defaults,noatime 0 0"