Is is possible that the error message that the hard drive is failing could be an error. I've been waiting for the HD to go and it still hasn't. Seems like it should have by now???
I child-proofed my home... but they're still getting in!
Even before they go completely, they may slow down because of having trouble reading or writing. It's better to replace them when they're on the way out. Otherwise they may fail completely at the worst possible time.