Well, I am facing the same doubts as everyone here...
I have a late-2011 MBP 17 inch, with 16Gb RAM, and now it has an OCZ Vertex2 in the Main Bay (SATA2), and the original 750Gb HD in the optical bay.
I have now just ordered the new Crucial M500 950Gb SSD, and I know it is not going to work in the optical bay, so my plan is to place it in the main bay, and move the Vertex-2 to the optical bay.
This will give me a 1.2 Tb storage, all SSD, with the main disk running at Sata-3 speed (that is practically the same speed you get with your two OWC Sata-2 drives in Raid-0).
I cannot go Raid, as the machine is dual-boot with Windows 7, which I use probably more than OSX.
And I cannot afford to purchase an OWC Mercury Electra, here in Italy such item costs more than 1000 €, whilst I managed to buy the Crucial M500 around 450 €...
My only concern is about the fact that, when I bought this machine, my initial attempt to install a Sata-3 SSD in the main bay (a Corsair Performance Pro 256GB) failed, it was beachballing and crashing... So I went for a SATA-2 SSD, which is reliable but slower.
So I am worried that also the new Crucial M500 will not work in the main bay of my MBP 8.3...
If this happens, is there a way to force the Crucial M500 to operate at Sata2 speed, as described here above regarding a Vertex-3 drive?
Crucial did not provide me with a definitive answer on this point, they say that their drive operates reliably in the main bay at SATA-3 speed...