It being on a single layer doesn't matter. It's still possible to pull off good quality on single layer.
Anyway, the lack of lossless might be a blow for audio freaks out there, but I don't think it's the worst thing in the world. I also am not fond of the term "lossy", because for me, that implies that it's bad. Nothing on Blu-ray is BAD, it just might not be absolutely perfect. This is the same ideal people put on The Dark Knight's picture quality; sure, the PQ might not have been ideal, but that doesn't mean it's terrible either.
Frankly, I think people should be glad a movie like this one is getting an American release at all. Anime is pretty niche still. I still find it difficult to believe that Funimation is even selling enough copies of the Dragon Ball Z movies for it to be worth it, and I really don't think the One Piece or Fullmetal Alchemist movies that are coming will sell well either. It's great to see this stuff getting a release, but I don't think people should demand so much of it when it's probably not economically viable on its own as it is. Do you really think the anime subset overlaps with the blu-ray subset that much?
ps I think I'll be getting the US release on this thing; I don't mind a lower quality sound delivery when it's not going to bother me in the slightest, and I like having the choice of hearing the English dub if I feel like it. I'll typically prefer the original Japanese audio, but I don't like not having the choice. That, and I'd rather not have a bunch of cases with English titles and English descriptions, then a single anime BD among them looking out of place.
edit; oh and one more thing:
If you refuse to buy this on the grounds of the audio not being good enough for your tastes, the producer may see low sales and decide not to keep releasing anime titles. Do you want to indirectly contribute to anime titles not getting released as much here as they could be?
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