Soldato
I'd be interested to see the article which said that they lose efficiency over time... as it's not mentioned at all here:It probably never outputted 480W to begin with.
Seriously though, they do lose a certain amount of efficiency over time, though I am damned if I can find the source of the article! My google-fu skills are weak.
http://en.wikipedia.org/wiki/Switched-mode_power_supply
It is true that some electrolytic capacitors can and do lose their capacitance as the years go on, especially in hot environments, which may be why someone would think that the efficiency goes down... but usually once the capacitors start to die then the whole SMPS normally stops working altogether.
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