No, not something to consider. Every part in your computer can fail. Protect your data, make backups.
I wouldn't disregard it so quickly. As it seems, cheap SSDs (MLC-based for example) cannot handle nearly as many writes as the more expensive ones. Under an average load, a cheap SSD's life expectancy may not last the time it takes you to willingly replace it. This is not just about failure, but about a somewhat hard-fixed working life. Still, more expensive SSDs should be able to give you many years of excellent performance, blowing away the performance of the very best hard drives out there, and all the way to the point you upgrade because you want to. But I wouldn't openly state that this is something that should be completely disregarded.
Anyway, this is, at least, my understanding. Next time I go shopping for an SSD I will definitely look into their life expectancy, to be sure I buy something more reliable than the neighbor who just tried to save a few bucks and got the cheap one. So far, none of my flash cards or SSD drives have had any issues and maybe I'm too paranoid, but I'd rather keep an eye on those things, why not?