hi brian,
you best bet is to search online for a disassembly guide for a thinkpad that looks like yours. (fortunately the style hasn't changed much)
it will wipe the settings in your bios, true, but the default settings are generally sane.
password wise, you shouldn't have any trouble. your friend is just fear mongering.
i'd record all of the settings in your bios on paper, disassemble, swap the battery, and reassemble.
P Melse, March 2008