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I have clients that purchased a home in Bishop's Gate and they love it. They were very particular about where they purchased. They looked at every neighborhood imaginable. They went down to the Town of Cary planning department and got the town development maps to make sure that they didn't miss any neighborhoods.
At Bishops Gate they do make you sign a disclaimer regarding the railway. However, the railway is a "Freight Only" railway. It runs 2x's a day and it's a local train. It's very different than the Amtrak train that runs parallel to HWY 54 and runs through downtown Cary.
If you would like more details or would like to speak w/my clients about the neighborhood send me a PM and I'll see what I can do.