My thoughts exactly. Fusion drive is the equivalent of RAID 0, which effectively doubles the failure rate. I would've much preferred a RAID 1 style implementation (in the sense of the flash space being a duplicate rather than the only version of the data), providing redundancy and therefore allowing for SSD failure.
So, where does that leave you if it is the Fusion hard disk that fails?
The SSD will have bits and pieces of files and may boot, but not much more.
Even if you only have one disk in your system, if it fails ... it is toast.
Everyone needs to have a good backup solution, no matter what drives you have in your computer.
Although there is a lot of talk about disk failures here, I don't really think that many users actually have a disk failure during the useful life of the equipment. Sure, there will be a few who will tell of their failure ... but that is why we all should keep a backup in case we are the "isolated case" who actually experiences it.