Sort of. I think its a pretty different scenario though.

Dying because you let water breathing fall and were ranking in an area and 'accidently' let it happen, is really just *bleh* its bad luck, no fun, and a big nice exp hole.

Dying because someone had the wits to run you weary and then choke/strangle/stun you at (literally, they'd have to land it on THE perfect tick, unless its a longer lasting sleep) the point where you'll die because of no water breathing is pretty stylish. I think if I died like that, I wouldn't be so pissed because of how nice of a trap it was.