I went through the logs to see what the N5200 had to say about the new disk:
2008/01/29 18:18:07 N5200 : Disk 1 on N5200 has been added.
2008/02/02 12:15:38 N5200 : mdadm: /dev/md1 has been started with 4 drives and 1 spare.
... that seems (to me) to be right... is there some way to turn a "spare" into part of the array?