Ether way, sealed bearing or open, WD-40 will evaporate and is no good for case fans because of this reason. If WD-40 leaves a residue after evaporating the lubrication provided is not enough to keep items lubricated. Spray a spot of WD-40 and 10 -15 mins latter it is gone leaving the residue. I am drawing on 19 years of being an auto mechanic and fabricator along with being a PC tech. The job change was due to being crushed. Spray WD-40 on a door hinge, car or house, that squeaks and with in a couple of days it will squeak again.
The can actually says it lubricates, cleans, protects - I have yet to see this, Penetrates, and displaces moisture. But for anyone that has used this stuff a lot will know it is a poor long term lubrication. PB Blaster lasts longer but will eventually evaporate also. Air tool oil could also be an acceptable substitute as it is also a machine oil that does not evaporate although expensive and comes in way to big of a container for this application.
Strait from WD-40's web page: How long does WD-40 Multi-Use Product last after application? While this may vary depending on the application, WD-40® Multi-Use Product remains effective even after it appears to dry. The corrosion and rust protection ingredients remain adhered to the surface. External conditions may, of course, require additional applications of the product for maximum protection.
This tells me that the lubrication property's are gone after drying. So because of evaporation the effectiveness for fans, in this case, is very poor. Light machine oil and sewing machine oil works well because its main base is petroleum and the additives are not meant to evaporate.