No, not at all. Then again, I don't water everything every day - just new trees and shrubs and then only the first growing season. My soil is clayish so holds water pretty well and I've never had an issue with rot on the newbies. I wouldn't do that to perennials or annuals, though. They really only need a few weeks of daily water when they go in the ground. After that they are semi-established and watering should be cut down.
