My list of currently still known-good PCs:
- 14 years old P200-MMX/256MB, about 8 years of 24/7 service behind it and still working last time I put a PSU in it
- 12 years old P3-1066/512MB with about 12 years of 24/7 service behind it, still in 24/7 service
- 12 years old P3-650/512MB with about 8 years of 24/7 service behind it, still using it occasionally
- 8 years old Northwood P4-3000/3GB with about 6 years of 24/7 service behind it, still using it occasionally
- 4 years old C2D-E8400/8GB with 4 years of 24/7 service behind it, still in 24/7 service as my main PC
I have yet to dispose of a motherboard/CPU due to hardware failure, all those I threw a few away (8088, 386SX, 486DX, P100, P200) were simply due to not having any further probable use for them.
So yeah, properly cared for CPUs tend to have much longer lifespans than their performance and expandability is generally considered acceptable for.