Wikipedia lists it as being unstable. When it comes to file systems that's one thing I would not be gambling on.

No, they don't. Be wary. I tried to use btrfs in raid10 (data and metadata) mode for my latest array of large disks (4x 2TB WD Caviar Blacks); 70 GB in copying data from my old md array, I got a kernel OOPS. This was with very recent btrfs code -- Fedora 16 with a 3.1.x kernel and btrfs-progs-0.19-16.fc16. It's simply not ready.