All Bluray drives seem to have a 2x CLV mode, presumably for movies, but PC drives that have higher speeds (like 8x or 12x) do so in a CAV mode. Or at least all the PC drives I've seen specs for work this way.
I can't find a link to the PS3 drive being 2.4x now, but I've always assumed it's just standard to truncate the figure to 2x. I wouldn't be surprised if all 2x CLV drives were the same.
12x Bluray would spin significantly faster than 12x DVD iirc, more like the spin speed of 16x DVD. If it's anything like the16x PC DVD drives I've used it would be noisy as hell and vibrate much at full speed, and normally be forced to drop to lower speeds (sometimes substantially lower) due to read errors. The original leaked 360 specs showed a 16x DVD drive iirc, thank goodness they lowered it!
There used to be a way to force your 360 drive to run at a lower speed (something to do with forcing read errors until the speed was reduced). As well as quieter drives, some 360 owners reported reduced loading times and increased streaming performance, presumably due to reduced read errors.