Looks like a stress crack started either from a manufacturing defect, or at some point in the life of the bike. Any nick in the race, maybe a steering tube that was slightly out of round, etc, could have caused this to happen. Heck, a failing ball could have put a nick in the inside of the race. As soon as you have a nick in a hardened material like that, the vibrations of 65000 miles will cause a crack to propagate through the rest of the material. It looks like a pretty clean break, so that is my guess.
Also, if the bearings ever came loose, then one of them could have loaded up independent of the others, and overcome the yield strength of the bearing race causing the crack. It looks like there has been some independent wear from the individual ball bearings, so that could be a likely culprit.
I doubt you have to worry much about an impact causing that kind of damage. If the bearings are set anywhere near correctly, then the rest of the bike would show significant damage from whatever accident would have been severe enough to break that bearing race.
In other words, consider it expected wear and tear, and enjoy the new tapered bearings... they make one helluva difference.
Camelman