Yes. After over 900 games, three resurfacings, and a couple of trips through warm water and dawn, my beloved Element finally gave out. In essence, my experience is that the useful life of Soakers is about 2x that of other coverstocks (now that there is the CPR and "hook again"). For example, I was able to get about 400 games out of my Vendetta through use of resurfacings and "Hook Again", together with a good cleaning regimen.
This doesn't mean that the balls are useless, it merely means that at some point, they become stronger plastic or urethane balls and lose bite and "reaction" to a degree that they are no longer useable except on very dry lanes (pearls) or lanes with light oil and strong backends.
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"I don't mind if you don't like my manners. I don't like them myself. They're pretty bad. I grieve over them on long winter evenings."