Not in any great ways...
Texting is convenient for when you need to get a quick answer but don't want a full conversation. That's all it is for me. I don't text back and forth with anyone just socially, because I don't feel like there's anything to those conversations.
A lot of my friends are the same, so it doesn't affect those relationships at all. When it comes to the ones that do text though...well, it annoys me when people think that checking your phone multiple times an hour and texting back asap is the norm.