I am not sure what makes you think that fragmentation doesn't slow down your access times....
Wrong information? Hard drives are my profession, this is what I do minimum 8 hours a day five days a week; I think I might know something about hard drives.
kind of wrote my answers out of the order that taltamir made his points, but here are my "counter points"
I really am just trying to help, and make sure the correct information is getting to people.
1) A Drive having to perform many butterfly operations can absolutely leads to heads crashes, I see a few drives a month whos heads crashed/died during defragmentation; especially of a drive that had huge levels of fragmentation (40% plus)
2) Games should read sequentially, but if you have already been using your dive for some time, and have loaded/unloaded files and game, and don't defragment your drive then that game may be loaded across the hard drive in multiple locations because there was not a large enough area of contigious free space to use. Obviosly this is still a "sequential read" but the sequential read now adds butterfly operations because it must jump x amount of sectors to continue reading game files.
butterfly operations = increased access time no matter what kind of read operation is occuring, it takes time for the heads to physically fly to a new sector location if the files it is wanting to read arn't written 100% contigiously. There is also alot going on under the hood that you may not be aware of that make butterfly operation take even longer; do you really think the heads are able to first try move to EXACTLY the right sector? Nope. They basically make an educated guess, and then use the servo signals to location the correct track, then must reach track following, then they are ready to read sectors, this all happens in nano/miliseconds, but it can still slow down performance.
3) Why would you defrag a drive while you are playing a game? Of course it's going to go REALLY slow. This is why you defrag overnight/while your away from your PC. It really doesn't take that long to do, unless you don't do it frequently like you are supposed to.
4)Butterfly operations refer to the "butterfly mode" of the hard drive.
here is some light reading:
http://adsabs.harvard.edu/abs/2003MSSP...17..955L
http://www.hitachigst.com/hdd/...servo%20mechanics.html
Slide 7 refers to butterfly mode, and gives a neat little graph to!
side note: Wikipedia isn't the source of all information. It is written by people like us. Butterfly mode is a industry term, and likely no one in the HDD industry has taken the time to care about writing an explanation on wikipedia.
5) Defragging wastes electricity. I am not sure why this is relevant. With this reasoning basically anything you do wastes electricity. Dont play crysis everyone! Your wasting electricity! Defragging uses minimal amount of CPU cycles; although it does work the hard drive out (this varies on the level of fragmentation) Lucky for us hard drives only consume 10-15 watts of power; not really going to effect your power bill more then a penny or two.