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From what I have read the SD typically are engineered for 10,000 cycles or insertion and removal. I am sure th CF has something close to those specs as well.
Now meantime faliure rates, I have not heard any word BUT I am sure if there is some problem, Dell would warranty the unit. By the time it fails, I am sure that there will be better, smaller, faster units out in the marketplace.
I wouldn't worry about it unless a child got ahold of it and thought that it would be a cool place to store things in.
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