I have ground boker ceramic blades on cheap AO belts on a simple 1" belt sander. I had to repair a couple of small blades for a friend that were really torn up, broken points, badly chipped blades etc. . Of course this is no where near the level of stock removal you would have to do to actually shape a blade, but it can be done. I would imagine higher quality and of course wider belts would make it go much faster obviously.
In regards to strength, the ceramic in those blades are far stronger than Talonite / Stellite and thus it has a strong advantage in regards to resisting edge roll. As well the wear resistance is pretty extreme, above even the super alloys. However it does have a rather extreme limitation in regards to toughness which means your working cross section is going to be high unless you are restricting the work to really light use.
Note ceramic composites which are used in some blades are very different from plain ceramics, they are to ceramics what steel is to iron. I have seen 2mm thick ceramic composite resist multiple heavy blows from a framing hammer.
-Cliff