Isn't this also going to be a function of use time and use environment? BAs came out of the hearing aid industry, so if hearing aides are used 8-16 hours/day, every day in all environments, temperatures, and weather, then 7 years for a hearing aid may be accurate. If you take the environments in which Jerry Harvey originally intended his IEMs to be used (rock concerts), with again potential weather (indoor and outdoor venues), sweat, and potentially extremes in sound volume, then 7 years for a concert-based IEM may make sense.
I've been using my IEMs for almost 5 years, and all sound, work, and look fine. As ethan961 stated, some Ety owners have had their ER-4xs for many years. If IEMs used for personal listening average 2-3 hours of use per day, then the life expectancy of the BA transducers should be significantly longer than 7 years. Other components may fail earlier, but it doesn't seem like BAs are the weak link.