That is absolutely true. I'm thinking of switching to SSDs in the future (once they come down in price a bit) mainly because over the years I have lost at LEAST 1TB of data due to hard drives failing. Most of the time, I have no idea why they don't work anymore... did a head hit a platter? Is an arm broken? Are the discs not spinning? Most of us are not technically adept enough to repair a broken hard drive, and data recovery services are damn expensive, so if we're just talking about personal files and downloaded media, it's likely lost FOREVER. Just a couple weeks ago I had a 500GB external drive fail, and it was nearly full to capacity and was working as a backup for another computer that now has a fried mobo. So... all of the pictures I spent time scanning, all of the CDs I burned, everything I meticulously cataloged... gone forever.
THIS is why SSDs will become the preference of the future.