Yeah, it'll be fine on that front, don't worry about it.
My Blu-ray 'concerns' - and I'm buying a launch unit myself by the way - stem mainly from the fact that it will be the first truly mass-produced BD playback device in an era when BD player development still hasn't been fully refined. It's bug issues in the ROM hardware and refinement issues in the early hardware revision that I feel may outflank SCE's best efforts; we all know afterall that Blu-ray has ramped slower than expected on the hardware side.
But again, I'm just stating the fact that *if* one is to be concerned about any single component, Cell, XDR, RSX, those are all going to be a-ok... BD is the sole risk IMO. And that said, well, again I'll be there on launch day.
(on the side though, I think BD itself is going to receive a *massive* boost this winter in mindshare/penetration after initial launch stumbles)