BTW, did you know that this is also true for Belt Sander belts? I had several boxes of the expensive 'purple' sanding belts that I had sitting on the shelf for several years. I went to use them and they looked fine, but as soon as I set them down on the wood to be sanded they came apart at the seam. The seam was actually 'sticky' where they had been glued. A call to 3M again revealed that they have a 'use by' date of 2 years or the adhesive starts to break down. I then tired some other brands that i had (Diablo for one) with the same results, so it wasn't just 3M.
To be fair, these belts were MANY years old. But in my defense, I had NO IDEA that they went bad - did you? Anyway, lesson learned - don't buy a whole bunch of belt sander belts that you aren't going to use for years as you may end up throwing them away.