i'd say it depends on your own comfort-level and concerns.
I myself sleep in it every night, i only take it off when i shower really (even though i wish i didnt have to, i just hate wet clothes)
yeah, probably not the best thing, but it doesnt bother me. its actually more uncomfortable to NOT sleep with it on, but thats me.
like i said, if your not concerned about the 'risks' and its comfortable enough for you, go ahead, if not, than dont.