I had laser surgery in June and work for one of the regionals. I took 2 weeks off work, sat the class one medical at the end of that, and was cleared to go back to work. A week later i received my newly changed medical in the mail with no restrictions.
There is a risk, as there is with any procedure, but I thought it was worth it.
I read an article from the Australian Defence Force saying that they actually promote it now rather than having glasses. Even for pilot's.
My surgeon is also an Aviation Opthamologist so he knew what CASA required.
Drop me an email if you want more info.