caniba :
Even then hardware does not get slower over time.
But your perceptions do:
New computer: "Wow. This thing is
fast!"
First month: "This thing is pretty fast."
Second month: "This thing is OK."
Third month: "This thing is pretty slow. It's time to upgrade."
And all at the same time, you are asking the machine to do more and more.
Original question - I suppose that something inside could fail and you would never notice.