I wish I could remember the article about drive systems. Said belts do wear, but should last 35,000 + miles. Where you ride is a big factor. The number one item listed for belt wear and failure was tension. A loose belt will wear at a greater rate than a slightly too tight. Bottom line was to keep the belt at or near the manufacturers specs.
Correct me if I am wrong (I'm sure someone will) but a drivebelt,while being nowhere near the composition of a fanbelt will suffer the same fate if overtightened,the stretching will break it down because it still has a nylon cord and that will lead to premature failure