They shard the data as you might expect of a RAID, 5, 6, etc array and the distributed parity solves the problem of failure tolerance as you would expect and also improves bandwidth via parallelism as you describe.
The interesting part is their best strategy for sharding the data: plain-old-simple random. The decision of which disks and at which sectors to shard the data is done at random, and this creates the best change that at least one of the two copies of data can be accessed with much lower latency (~1ms instead of ~8ms).
The most crude, simple approach turns out to give them the best mileage. There's something vaguely poetic about it, an aesthetic beauty reminiscent of Euler's Identity or the solution to the Basel Problem; a very simple statement with powerful implications.