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7200 rpm drive don't have too much speed benefit. Save your money and buy higher capacity drive instead. If you're looking at 500 gb drive, try the toshiba drive, it runs pretty cool and it's $90 on newegg which also has 10% if you use the promo code EMCHDD10B by today 9/13 http://www.newegg.com/Product/Product.aspx?Item=N82E16822149087

I can't think of any reason why a hard drive would damage your PS3. Just about all SATA laptop hard drive will work. I currently use the Western Digital 500GB 5400rpm Scorpio Blue with no problem.