Funny you should mention this. I'm in the middle of my first build at the moment, and I had been looking for prelaminated wood like the kind you mentioned for weeks before deciding to go with MDF and cheap wallpaperlike self adhesive vinyl... All I could find were some narrow and extremely expensive boards in my local DIY store.
1)
Don't worry about the sturdyness of the material, I guarantee it will hold. As you mentioned before, for a couple decades, most kitchens were made out of the stuff. I'm not 100% sure, but I think even the original arcade machines are made out of it! The only issue this type of wood has when it comes down to wear and tear are the edges. Particleboard is NOT known for its sturdy edges... When not protected they'll start to wear down and crumble pretty quickly. The pre-lamiated particleboard is also laminated on the edges too though. That prevents crumbling to a certain degree, but will also wear down pretty quickly.
T-molding will however solve all of the above problems. It protects the edges from crumbling and it protects the edges of the laminate from peeling off.
2)
Another thing you need to watch out for when using this material is sawing. You'll get a clean cut as far as the particleboard goes, but the laminate will most definitely crack. Not all the way, but small cracks, enough to make it look like a complete failure.
This problem also comes with a simple solution though. Apply thick and broad paper tape where you want to make the cut, the kind you use to tape off corners when you're painting walls for example. Make sure the cut is in the middle of the tape (you just draw the line on the paper tape, extra easy ftw!), and make your cut. Something else that might work is sandwiching it between two other pieces of wood and sawing it like that, but that's a lot of hassle and I can't guarantee that it'll work.
I'm not sure what Turncades use as base material for their cabinets, but I once asked mameroom.com about their cabs, and they use the stuff on all of their products. You could send both of them an email to ask for additional info on the matter, never hurts to ask

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