Let's touch up on turbomachinery design 101...
Most machines DO NOT operate at 7200 rpm in the X, Y, Z axis for 8 hours a day, 260 days/year. They are also significantly larger than the hard drive. A larger package translates to a more durable bearing with much higher factor of safety. We often see force feed lubrication to extend the service life of the bearing.
Race car engines can hit 10,000 rpm, but they are only designed to run a 500 mile race. The hard drive manufacturers could increase the safety factor, but this would increase the cost of the product.
Eccentric loading is a very important variable in the design of high speed rotating devices. In today's faster n cheaper economy, finding that perfectly balanced disc platter is increasingly rare. You certainly don't want to mount the hard drive in a manner that would INCREASE the flywheel effect at 7200 rpm. F=ma.
The effect of potential energy (mgh) is real on the pickup head. It requires more force to move the head against gravity. This translates to more heat and wear and tear on the drive mechanism. The faster the seek speed, the more force is required to quickly change the direction of movement. By mounting the hard drive in the horizontal plane, one can ELIMINATE the effect of potential energy on the pickup head. A system will wear out faster if it has to do more work per unit of time.
What is the number one failure mode in a notebook? Can it be the hard drive? Vendors reduce the warranty from 3 to 1 to beef up profit margin. When folks are mounting the hard drive in a postition that will increase the wear rate on the bearing, the most effective course of action is to reduce the warranty period.
I have the laws of physics to backup my analysis. If the hard drive doesn't fail within the warranty period, then the hard drive mfr will make $.