The Cost of Distributed Client Computing?

ialbert asks: "I only recently decided to install SETI@home on my mostly idle home computer. It got me thinking though, are those free processor cycles truly free? Has anyone had experience with processors dying prematurely due to a constant, heavy load, or is usage pretty inconsequential? What about other components, like harddrives? And how much does a 100% processor load increase your power bill versus a 1-2% idle load over the course of a year? It's easy to think of idle computers as an untapped computational resource, but what are the costs to the computer owners?"