The radiator fan runs less and the effects are less urgent. True, however, cycling it off and on and off and on is probably harder on an electro-mechanical device than just leaving it on. Yet we never think about a radiator fan failing when we're stuck in 100+ degree heat in the middle of summer in bumper to bumper traffic on the freeway for an hour with no off-ramp in sight and we're all going less than walking speed. We just trust our electrically driven fan to run. They have been doing so for years.
The risks of a water pump failure are the same with a mechanically driven water pump and an electrically driven water pump. If either one fails, you're dead in the water. No water flow. No cooling. No chance at life. For argement's sake, we can probably say that's an equal risk.
So that leaves us with reliability. How reliable is an electric water pump? One vendor rates their pumps at 3000 hours mean time between failure. Doesn't sould like much but if you drive at an average speed of 30 MPH, you need to go 90,000 miles before your electric water pump will fail (statistically speaking, of course). 90,000 miles? That's about six years of driving on average. That's longer than most tires. I'll take 8-10 rwhp for under $400 and run it for six years. That's a pretty good bang for the buck.
I'm not hell bent on saying electric water pumps are the greatest thing in the world. I just think they'll do fine in daily driven cars. We're just not used to the idea of having one of the last fully mechanical devices in our cars turning into an electro-mechanical widget. Just like some people hate EFI and love carburetors. Some worry about the electronic throttle control on the 05-06 Mustangs but we've had them in F-16s for a long time now.