(I've probably been reading too much sci-fi.)
Alien life does not need to be restricted to matter as we know it; if space itself can give rise to self replicating structures, then it too could be alive.
Beyond that, life could occur in any medium and at any scale (in either space or time).
Even regarding terrestrial life, how long did it take for us to notice microbes (as something other than a curse from god)?
There could even be macroscopic lifeforms moving so quickly that we are unable to see them.
So the answer, as far as I can tell, is really that it depends on the kind of life we're referring too.
And if it's too far outside the human context of understanding or perception, then the answer is no.