I believe John McClain was the first to report:
Last week, FS Ed Reed underwent arthroscopic surgery to repair a small labral tear in his hip. He's expected to be ready for training camp.— John McClain (@McClain_on_NFL) May 3, 2013
Reed is undergoing rehab, He'll miss the OTAs and minicamp. He could be ready for camp, but I expect Kubiak to take it easy on him.— John McClain (@McClain_on_NFL) May 3, 2013
Well then. Presumably, the Texans were fully informed about Reed's condition before they signed him, so we must assume this isn't something with which they're overly concerned. Indeed, that seems to be Gary Kubiak's public stance:
Gary Kubiak on Ed Reed's surgery: "It's something we'll have to work through. We'll get him healthy,and he should be fine."— John McClain (@McClain_on_NFL) May 3, 2013
D.J. Swearinger is going to get his fill of reps during OTAs and likely training camp (though, to be fair, it seems unlikely Gary Kubiak would have pushed a veteran like Reed too much in camp, injured or not). While Reed is new to Wade Phillips' scheme, you'd like to think that a player of his wisdom and experience won't have any major problems getting up to speed in an abbreviated amount of time.
Yes, I'd like to think that, so I will. Because I don't want to think too much about things like a 34 year old returning from a hip injury and/or Shiloh Keo somehow getting meaningful snaps in the secondary.