My experience with NiCads is that they will last almost forever if manuf with good materials, AND properly maintained. If you use them (Just regular use and charging as needed, except once a month you drain it all the way down and then fully charge it, probably a couple of times). I think what actually happens here is that in the process of charging and discharging you keep the molecules of the Ni and Cd, and the electrolyte, active and warmed up gaining and losing electrons from their bonds. If they are left idle the charge slowly dissipates, leaving the molecules to a stable neutral state where they tend to form crystalline structures (I think they are called dendrites, a lot of this is off the cuff, been awhile, SO) that the valence electrons are locked stable and neutral in the crystals (doesn't battery well). I think that the only thing that really dies in a nicad is the electrolyte. No matter what happens eventually it will evaporate (I think mainly effected by the quality of the product, and the quality of the construction of the case to contain it). Improper use or abuse will accelerate it. I have learned how to rejuvenate them to some degree. When I have left them unmaintained for a long period the above happens and they will hold only a very small charge, or maybe none at all, the not at all units are real hard to recover. I think what happens here is that you have to walk a tight wire in recovering them between running enough current through them to warm them up enough to melt the crystals without getting them hot enough to boil off the electrolyte. As the electrolyte boils or evaporates off it increases the concentration in the electrolyte and the crystals grow more readily and it becomes less viable. So it is a downhill slide but proper care can help the situation greatly. The technique I use to revive them is to drive them with a bench top power supply with constant current/ constant voltage controls. 1.2V cell I set voltage to 1.2 volts and see how much current it will draw. If it draws 3 ma it has a bad problem, if it will draw half an amp, it's in pretty good shape. I start raising the voltage while watching the current until you get around 100 ma, and according to how bad it is the ma will slowly/quickly start to decrease as a charge is taken on. You wear a safety shield and some gloves in case of explosion. And yes I have. You feel the battery for temperature increase. I tend to pulse the power on and off to insure a slow temp increase to prevent any greater loss of electrolyte. As the charge increases the current decreases, Here becomes a reasoning challenge. Feeling the batt temp (if the batt gets uncomfortable to hold it is TOO HOT) and watching the current draw, start increasing the voltage to bring the current back up. After a while as the temp comes up you will reach a point where the crystals start to melt, you will know because the current will stabilize, and or start to increase with time rather than decrease as the battery starts to function more properly again. Keep the temp and current within reason until charged and then immediately discharge it and do it again. I have had to cycle a batt 3 - 4 times to revive a bad one. Some are just locked dead. Hopefully I conveyed my theories clearly enough to be of some help somewhere.
ljl