yes, he'll be fine.
Basically if you have/get a passport before Oct 26th you're in the clear.
You know, I wouldn't be surprised if the U.S. backed down on the Oct date for biometric passports, seeing as the EU countries will not be able to meet the deadline. Some countries could start producing them, but they're waiting for the final EU legislation which won't make it on time.
Oh, and here's a handy tip for those of you whose passports expire more than 6 months after the deadline: you can always lose your passport... oopsie.