Jim Allen, the Factory Dunlop Man whom you'll find in the pits of folks like Ben Spies and Matt MLadin says no modern tire, street or track suffers from heat cycles. In Jim's own words, heat cycles are a thing of the past. Tires are worn out long before heat cycles have any effect.
Jim also says that blue sheen you see on race tires has no effect on a tires performance. Actually, you get that blue sheen look on a brand new tire the first time you pull the tire warmers off.
It's been my experience if a track tire lasts you more than two track days, you'd be better served on street tires. Track tires have amazing grip but don't last long. Many times a track tire (Rear) is trashed by the end of it's first track day.
Hey Tuf, thanks for pushing through all the legend, rumors and folklore, your restating of a tire industry expert's "the way it really is" makes so much sense. Raydog