I'd venture it's actually worse now. A long time ago the sector and track layouts were consistent and easy to settle to, my understanding is that today, due to the incredibly small size, there's variance between where tracks and sectors lie. So the heads aren't just trying to settle onto a track by hitting everything around it until it finds the right location, but it's also gotta fight gravity to keep the head there, since the sectors are so tiny any minute shifting can easily cause problems.
I've seen nothing but complaints regarding drives > 1 TB and failure rates, and I wouldn't be surprised if there's a relation there. Enterprise level solutions are also in RAID setups, with redundant backup, so problems would be seemlessly bypassed and invisible to all but IT.
I could be wrong, I'm not saying I'm absolutely correct, but TBH, the tech in a hard drive really hasn't changed in 10+ years aside from perpendicular sectors, even the seek times and rotation speeds are very similiar to what you would've used for a Pentium 2.
But honestly, the failures I've seen could just as easily be attributed to heat dissipation as well, so I'm just going to bow out here as I really don't have anything else I could add that I'd feel accurate about.