Just think of it as the more the parts move, the more the engine's going to wear, so yes, of course higher revs lead to shorter engine life. I don't know if I'd call it "premature" engine death though.
Correct me if I'm wrong, but the engine would require MORE maintenance and breaks down easier if the engine is rarely driven and drives in low RPMs all the time. That high rev actually keeps the parts "strong". :dance: