It makes sense. My experience matches this trend. Also, there were a couple studies:
http://www.tomshardware.com/reviews/hdd-reliability-storelab,2681-2.html

[Linked Image from media.bestofmicro.com]

The highest average operating time in this sample of 4000 drives was 5 years. Then again these are consumer/desktop drives not enterprise/commercial drives.

Another good study by google here with 100K drives: http://static.googleusercontent.com...ogle.com/en/us/archive/disk_failures.pdf

The causes of failure are debated, but there nonetheless appears to be an increasing trend as time goes on.