Yes. Benching too heavy is the main cause of not only pec tears, but even more so...rotator tears! Thease ARE the worst (have had my share) as recovery is so much longer for a shoulder than a less complicated muscle group as a calf, or bicep, tricep, or even quad.
I agree benchpress is not the be all of pec developement, and can really beat up the rotators. I haven't done a barbell bench in years and stick with barbell inclines and hammer bench press for my flat benching (it doesn't cause me much if any pec/shoulder issues).