Disclaimer: I'm not a chemistry specialist.
AFAIK, there are safety voltage ranges that various types of lithium rechargeables (LiIon, LiPoly...) should operate in. I'm rather sure that the controller inside the battery will take care of this.
IIRC (see, I'm writing this just from memory and I'm *not* a specialist... : ), if you go beyond the upper limit, the cell may go volatile (think about fire, explosion...), and if you go beyond the lower limit, the cell may become dead.
Of course, sometimes issues still come up, and you see batteries being recalled (even when a product is pretty old by IT standard - Apple is re-calling the
1st gen. Nano!), but given the percentage, I would say the (big) manufacturers are doing a pretty good job, understandably because of the dangers (and the potential lawsuits from actual incidents).
There are probably manufacturing differences as well, and sometimes the controller behaves too careful, and that's why I think fully working batteries can die in one day.
But it's better safe than sorry.
Just like the expiry dates on food products, the range is probably good for most, maybe 90-99%, but not all (see
http://en.wikipedia.org/wiki/Shelf_life for more information).
For this type of thing they may just use a rating that's 99.9999999999999999999999999999999999% safe.
Another good reason why it's a good idea to get a battery from a reputable vendor - At least if something occurs (under normal conditions), you have a higher chance to get compensated.
Cheers.
P.S. BTW, you really should check out the site the forum member dbuss mentioned in an earlier post if you want to know more about batteries...(
http://forum.thinkpads.com/viewtopic.ph ... 92#p655092)