My mom is a Prof, and she did just fine. It might be a bit rough while you're in school, or at a time when your life is transitioning a lot. Once you settle down it won't be any more difficult than any other professional career. You'll also be flexible in the summers (eventually), which is a big plus. Many of the profs that I've worked with have children.
I got an email from a prof at Stanford saying he had strongly recommended that the admissions committee admit and fund me...is this an unofficial acceptance?