Strange how density has gone up massively yet reliability has improved no end.
Id be inclined to disagree with this, albeit from my own experience and not working in the industry or anything like that.
"Back in the day" it seems hard drives barely ever used to fail, to my memory they just used to soldier on with no bad sectors and fire them up five, ten years later and they would work fine. I must have used hundreds of abused old office surplus hard drives growing up on various machines and tinkering projects and never ever had a hard drive fail once. More recently Ive had two go in as many years and you seem to hear about people RMAing hard drives quite a bit, when I was younger it was pretty unhead of.
Of course I am talking from my own limited experience but it seems logical to me that as they cram more and more data onto the drives, increase the spin speeds and just generally increase complexity of course drives are going to fail more often.