I'm making this posting to be archived by Google as a data point and for
future reference.
I was doing maintenance on a Dura-Ace WH-7700 wheelset which comes with
a titanium cassette freehub body. The freehub body was replaced, and I
performed an autopsy on the dead freehub body. The wheel had many miles
and wasn't well maintained. The wheel bearings were toasted, and the
freehub body bearings were also very worn and were devoid of their
chromium. The cone pieces of the freehub body made of hardened steel
were severely pitted all the way around on both the inboard and outboard
set. I expected to see cups in the titanium freehub body as severely
worn as the cone pieces & balls, but this was not the case. The titanium
cup races looked absolutely pristine as if there were no wear at all.
There wasn't even a visible line showing the track of the balls within
the cups. They looked new. This is only a single freehub body, but the
implication is that titanium cups & cones or even ball bearings might
offer substantial improvement over steel.