I woke up one day, and decided to go into my basement on a whim. I heard what sounded like sizzling. I couldn't figure out what it was, at first. I went into my laundry area, and after a minute of poking around, I found that the braided like coming from my water heater had sprung a leak on the back, by the wall. The sizzling sound was a jet of hot water shooting out of the small fissure in the plastic under the braided sheath, and hitting the wall behind it (which separates the laundry area from the rec. area). The wall, and baseboard warped slightly. Had I not gone in the basement, I don't know how long it might have sprayed the wall, and how much damage might have occurred.
So, even braided line goes bad. Lines are cheap, so replace them every once in a while. It beats water damage.