I tend to agree. You'll be getting a slight speed boost. But, with that added quickness comes more noise, heat, vibration, and power consumption. Unfortunately, a WD Velociraptor (10000 RPM) won't fit in a MacBook Pro. A mobile 10000 RPM HDD sounds pretty awesome, in my opinion. It's a real shame that the Momentus XT only has a 4GB cache. For your situation, a 7200 RPM HDD with 8GB-16GB cache would be perfect. The bottom line is that a 7200 RPM HDD will be faster, just not hugely so. If you don't mind spending the money, go for it. Or, maybe just wait a few months and see if Seagate comes out with a better hybrid SSD.If you already have a 5400, I don't think the 7200 is worth it. If you need more speed, just go with an SSD, even though it will cost more, it will make a much more noticeable difference.
I don't think upgrading from a 5400 to 7200 would be worth the money for most.