The kind of bearing used by a case fan can have an impact on its characteristics, such as maximum speed and vibration noise. The kind of bearing used by a fan can also give you an indication of the fan's life expectancy. There are currently four common types of bearings available.
Ball Bearing: Ball bearing fans consist of metal balls which rotate against an axle. Lubricants aren't needed, making fans using a ball bearing very reliable over long periods of time. The fan's operation is not effected by heat, and most fans of this type remain relatively quiet in all conditions.
Sleeve Bearing: Sleeve bearings used lubricated surfaces that rotate around each other. As such, they're limited to the life-span of the lubricant, and as the lubricant drys up and decomposes, the fan will become noisier. Their only advantage is a low cost of production. Sleeve bearings are the most common bearing found in case fans.
Fluid Bearing: A fluid bearing uses a thin layer of liquid between the surfaces inside the bearing. Fans with this kind of bearing can be expected to have a long lifespan, because fluid bearings eliminate contact between rotating surface. This also means that fluid bearings are quiet. This kind of bearing isn't common,and is generally found in higher-end products.
Magnetic Bearing: This bearing works by using magnets to keep two surfaces out of contact which each other, allowing rotation. They are very quiet and have a very long life-span. Magnetic bearings are rare, but not necessarily limited to high-end products.