There really isn’t any such hard limit on systems like that.

That’s pretty universally what I have seen used here. This stuff for those unfamiliar.

Further anecdote, I’ve had a small number of LEDs die early that aren’t on dimmers.

Hard to say how that will work out with streaming nowadays. I grew up as an older millenial with things like MAS*H reruns and other shows that ended before I was born. With only a couple of channels on broadcast TV, I only had so many choices. I imagine availability on popular streaming services will have the potential of similar effects, but somewhat less.