Modern PSUs are designed to have maximum efficiency between 50% and 85% load ( and the 80 Gold rating mean they stay 90% efficcient above 80% load. ) Below that threshold they're very inefficient. And yes, they do wear down from heat and use, and that goes for every other part in a system, so I don't see your point. So long as you're not running a PSU at 95% load with no ventilation, you're not going to kill it prematurely.
Let's go over the math again. Two 290X at peak power draw 250W a piece. However, at normal gaming levels they rarely go over 200W. And once again, I said the total system draw in that benchmark was around 150W. That includes drives. But no, the average drive today does not draw 10W - 13W on load. That's actually the very high end. Average load is closer to 7W-8W for a 7200rpm, though the Caviar Black does push 9W on heavy writing. So, adding that all up, at stock clocks and peak load, the system as a whole will draw ~650W. However when you're enjoying games and not running Prime95 torture tests, system load will drop down around 525W. That's a 70% load on an 750W PSU and only 62% on an 850W. Neither one will be run into the ground. on the contrary, that's right around the 50% load on a 1000W unit, which is not where you usually want to be.
If you are planning on running the 8120 as high as it can go and the base system will be drawing 200W or more, than you might want to look into the 900W range. But still no need for the 1000W range.