I'd say the odds of damaging your speakers (along with your hearing, your electricity bill, and possibly blood reserves within your brain) will depend on the use. In movies, each speaker is rarely driven to full all the time. Your speakers would probably handle typical surround sound spikes very well, but not a full load. Imagine grabbing a hot pan. You can do it for a second or two. You just can;t hold on to it for very long without hurting yourself.
The advantage is that, by having an overpowered amp, any "spiked" signal that comes out is likely to be very clean, even if loud. It's much worse to have an underpowered amp at full volume, because much of what it produces is noise, rather than signal. Noise is much more damaging to speakers than loud clean signal.
If you run a lot of music, especially SACD or DVD-A, all the speakers get a full load all the time. This would be like holding on to that hot pan. You will probably end up with crispy critters (speakers, hearing, electricity bill and blood reserves within your brain).
Happy bleeding.. err listening.