I've got an impression that Mageia has got everything needed to work on my hardware, but someone - being Mageia developer, configuring Mageia - screwed it up again.
I've booted Mageia Live and - obviously - it didn't recognize my fakeRAID. I don't mention it detected my second TV (plugged in, but turned off) and stretched desktop to two.... So I lauinched console and as supervisor loaded modules:
* dm-zero
* dm-mod
* dm_raid
* md_raid0
and after 'dmraid -ay' it was something strange: every single partition has been activated and has NOT been activated (as console output). So at this stage it was easy to mount partitions and see if Mageia reads it - and it did.
So I launched installer, but it happened something strange again - once mounted Mandriva32 partition, this partitioning tool said "partition mounted and formatted", so I quited installer scared that I'd lose precious data from there, bearing in mind until I click "next" it leaves changes unaccepted. And it happened, luckily.
Next installer launch = and this time partitioning tool didn't want to format such mounted partition... so I unmounted it and tried again. No positive result. EXT4 nor BTRFS - no difference.
So I've tried to use GParted to format partition - no luck, too. Log revealed that BTRFS is... experimental and it was one and only error message. LOL, just great. So I've formatted in with EXT4 under GPart = SUCCESS..
At this stage Mageia is being installed (I write it just-in-time), so I'll let you know how it would end

OK, so it ended.. as usual. Once message "system has 45 MB free space only" appeared, everything started to get very slowly (windows moving, mouse reaction etc) and finally (~60% progress) installer informed me that not all files could be copied to destination and it finished its job... Summing it up - it's not what I expected from operating system out-of-the-box: to do some workarounds to make it working at all....