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Yes but it's plastic so no damage to the block. Unless the bearing siezes (I don't know how common that is), the outcome is the same. Car overheats and you stop.
I wasn't clear enough I think: With Ed's pump the metal impeller is pinned and the pulley cannot seize due to the rubber coupling. With the original factory design it is possible for the pulley to seize regardless of the impeller material (AFAIK.) Thus, if I'm correct about the factory design, then it isn't "as good as that new WP that has the rubber clutch/coupler pulley."
Regardless, I don't want to get into a debate. Ed's quite capable of clearing up any issues of design, understanding, or semantics.