"wear and tear" is wear and tear no matter if its inside a car or inside a computer....
Many people dont know this but its a good idea to let your car warm up for a few minutes before driving it, especially in cold weather. ...In my opinion, turning on and off a computer constantly only adds to the "wear and tear" of the machine.
... On a similar note, people that defrag their computers constantly and/or have their hard drives turn off after an allotted amount of time are also adding unnecessary wear and tear to their HD's.