Ceramic is really nice. I've had a PAM292 in the past. It feels like a smooth pebble, and has the color of 2B pencil lead. It was tough as nails- I don't handle my watches well and it did not scratch whatsoever. If you want a black watch that won't scratch and show the metal underneath, then this is a good choice.
I think if you were to drop it hard enough to crack the ceramic, you'd be well past the point where a hand might pop off, or the movement might have impact damage. They aren't that fragile. I'll try my best to explain:
Sapphire crystal (Al2O3) has a structure similar to that ceramic (which is usually ZrO2). Since Panerai claims a high pressure, high temperature process, the ceramic is most likely tetragonal in structure as well. Tetragonal structures have 2 planes of fracture at 45 degrees and 135 degrees, and no shearing planes. Sapphire crystal has these properties too, but the bonds between aluminum and oxygen are much stronger. So that's why they are both virtually impossible to scratch, but can crack when you put just the right pressure on them.
TLDR: Sapphire and zirconium are very similar in structure, sapphire is slightly stronger, but if you haven't smashed your sapphire glass you most likely won't smash your ceramic.