No I'm not - that's why I do backups. If my HD fails my last backup will be within the last 24 hours. The only people who are hosed when their HD fails are the people who haven't done a recent backup.
(and it's AMAZING how many people don't do regular backups!)
All I can say to that is that I'm pretty serious photographer (
pnArt.com )with pretty high standards, and in a typical 5-hour model shoot I'll take about 200 frames, and in my first pass I'll select maybe half or LESS of them to read in from the card, and then after reviewing those I'll toss out half of those, etc. In the end maybe 5 shots will make it into my, or my model's portfolio, and another 10 or 15 will be kept for their "potential", and I've NEVER regretted reformatting my CF cards! I think it's just a matter of having good judgement about what has some potential.